This week, a bill on cancellation of debts arising from a default on tax obligations of the Hrazdan-Cement CJSC, was passed by the National Assembly at its special session on Wednesday, sparking a debate on the “squander” of public coffers.
Armenian Prime Minister Hovik Abrahamyan has given the economy minister a month to develop guidelines with detailed description of importation procedures related to a number of essential goods whose trade in Armenia is perceived to be monopolized.
The new Tax Code, initiated by the authorities of Armenia, will contribute to increasing transparency in tax collection; it will make the field more predictable and will reduce the risks of corruption, say authors of the draft Code, as well as representatives of international financial organizations.
While Armenia’s government believes that a lowering of natural gas and electricity tariffs is going to take place soon, it is not yet clear to what extent it will impact the country’s economy.
While Armenia’s government, responding to the demands of some public circles, is carrying out studies as to gains and losses of a possible move to ban the import of Turkish goods, some local experts already present their calculations.
During the discussions on the performance of the 2015 state budget, which were launched in the National Assembly this week, the country’s chief treasurer said that instead of 4.1 percent, predicted in 2015, 3 percent growth was recorded. That growth, according to him, was mainly due to agriculture and mining.
Acting Amid Skepticism: Ministry of economy seeks media, public ‘tip-offs’ for better anti-trust policies
While the initiative of Armenia’s government to fight corruption appears to be gaining new forms, many observers and opposition members remained skeptical and unconvinced, discarding the process as another “imitation”.
Armenia is the only country in the Eurasian Economic Union (EEU) that registered economic growth and did not saw a decline in 2015, the EEU Board member, Minister of Macroeconomics and Main Integration Directions Tatyana Valovaya said during a teleconference with Yerevan from Moscow on May 12.
According to Armenian aviators, the country lacks a legal basis and liability for the development of aviation and the imperative of having a national carrier requires statesmanship and protectionism.
Qatar Airways has announced the start of service from Yerevan Zvartnots Airport beginning May 16.