Fighting Monopolies: Armenian Government promises level-playing field for businesses

This week, during the parliamentary question-and-answer session with the government, the main topic of which was fight against corruption and monopolies, MPs addressed some sharp questions to the Prime Minister.

Gas Issue: Economists say slashed prices at border could lead to reduced prices for end-consumers

Although Russia has reduced the price of natural gas supplied to Armenia by 9 percent at the border, it is still unclear at what price the final consumers in the South Caucasus country will get it.

Grapes of Wrath: Armenian farmers demand pay for last year’s produce

Hundreds of farmers from a number of communities in Armenia continue to hold protests and demand payments from distilleries for the grapes they sold to them still last year.

Tax Code Debate: Entrepreneurs want ‘long-term predictability’ to be addressed in new legislation

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.

World Bank: No change in GDP growth outlook for Armenia yet

The four-day hostilities in Nagorno-Karabakh in early April have not yet had a negative impact on the economy of Armenia, according to a World Bank representative in Yerevan.

Antitrust Campaign: Armenian Government to focus on “concentrations” in essential goods markets

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.

Smart and Armenian: Armenia’s first smartphone goes on sale

The first smartphone made in Armenia, called the ArmPhone, went on sale this week. Various Armphone models were unveiled during a kick-off celebration on Monday held as part of a marketing campaign called “It’s Time for Armenian [products].”

Hrazdan-Cement Controversy: Parliament passes bill to exempt debt-ridden factory from tax penalties

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.

Budget Performance: Discussions on 2015 revenues/expenditures commence in parliament

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.

Minister: Escalation in Karabakh won’t affect Armenia’s economy

The escalation of the conflict in Nagorno-Karabakh will have no negative impact on Armenia’s rate of economic growth, according to Economy Minister Artsvik Minasyan.

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