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.
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.
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.
The Public Services Regulatory Commission (PSRC) says it intends to reduce natural gas prices in Armenia in response to a request from provider Gazprom Armenia.
Fight for Demonopolization: Expert says political decisions needed to deal with market “concentration”
While the Armenian government is taking steps to regulate “high concentration” areas of the economy, many in the country still remain skeptical about its having the necessary political will to fight against corruption and monopolies.
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.
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”.
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].”
Defeating the Purpose?: Minister suggests granting monopoly to sugar importation as part of anti-trust fight
The statement by Armenia’s Economy Minister Artsvik Minasyan about the possible official granting of a monopoly for sugar importation has deepened public skepticism regarding the government’s declared anti-trust and anti-corruption efforts.
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.