Wednesday, December 12, 2018

U.S.-Armenia: American businesses encouraged to invest in Armenian economy

Specific measures have been drafted and implemented as part of the Trade and Investment Framework Agreement that was signed between the governments of Armenia and the United States a year ago.

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.

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”.

Qatar Airways Service from EVN: New flights at “competitive” prices

Qatar Airways has announced the start of service from Yerevan Zvartnots Airport beginning May 16.

EEU Official: Armenia’s 2016 export figures “impressive”

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.

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.

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.

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.

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 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.