Wednesday, December 12, 2018

Driven: Government targets official vehicles as source of budget savings

A week after Prime Minister Hovik Abrahamyan announced an ambitious plan to cut down administrative expenses, the Armenian government has decided to reduce the number of cars used by different government agencies and state-run companies by nearly 800.

Gas Issue: Experts in Armenia say Russia’s price discount “inadequate” to global conjuncture

Last week, Russian Gazprom’s Armenian subsidiary, Gazprom Armenia, announced its intention to apply to the Public Services Regulatory Commission for a lower tariff for household and companies in Armenia.

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.

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.

Taxing Problem in Panama: 38 Armenians linked to evasion via off-shore holdings

Publication of more names of Armenian citizens found in Panamanian documents has raised a new wave of discussions in the media and social networks, the majority of which single out the negative impact of the financial drain on the economy.

Economist: Ban on import of Turkish goods would have more negative effect on Armenia

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.

Economist: Higher military spending could increase burden on Armenian economy

Despite the optimism of Armenia’s authorities, the economy of the country, directly and indirectly, will bear negative consequences of the four-day war in Nagorno-Karabakh earlier this month, say economists, who also predict that a possible increase in military spending could become a bigger burden on the country’s economy.

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.

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.

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.