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.

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.

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.

Gas and Electricity Review: PSRC expects to lower tariffs

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.

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.

Senior Statistician: No essential change in prices recording in Armenia in Jan-Apr

Senior National Statistical Service (NSS) official Gurgen Martirosyan, summing up price changes in the consumer market so far this year, said that after a high inflation in Armenia’s consumer market at the beginning of the year, “deflation trends” have appeared.

Gas Price Watch: Economist expects little impact of lower tariffs on general economy

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.

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.

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.

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