Friday, June 9 2017 12:48
Alexandr Avanesov

Armenian parliament adopted amendments to law "On the Regulatory Body for Public Services"

ArmInfo. The Armenian parliament  at the extraordinary meeting on June 9 in the second and final  reading began to discuss amendments to the law on the public services  regulation body.

As the First Deputy Minister of Justice Artur Hovhannisyan noted in  his speech, the need for amendments is conditioned by the  requirements of the new constitution of the country adopted in 2015.  First of all, we are talking about streamlining the activities of the  Public Services Regulatory Commission (PSRC). It is envisaged that  the members of the Commission will appoint the RA National Assembly  from April 2018 by a majority vote. In this connection, it is planned  to apply transitional provisions, according to which it is envisaged  to set a period of 1 year for the appointment of the chairman and  four members of the Commission. For the members of the Commission,  various terms for the performance of their duties have been  established. So, for the chairman a term of 5 years is defined, for  four members of the PSRC - from four to 1 year. This is done to  ensure rotation of the members. At the same time, members of the  Commission cannot be appointed for two consecutive terms. PSRC,  according to the bill, becomes a subject, which is not present in the  current law. Members of the Commission must have worked for at least  10 years. They should be citizens of Armenia, having perfect command  of their native language. At the same time, a commission member can  be appointed chairman of the commission. It is also planned to  eliminate the post of deputy chairman of the commission.

POST A COMMENT
Input digits     


News
Goldman Sachs reiterates its 2026 forecast of $4,900 per ounceGoldman Sachs reiterates its 2026 forecast of $4,900 per ounce
 Former ENA Director General questions PSRC financial forecasts for  ANPP Former ENA Director General questions PSRC financial forecasts for  ANPP
RA SRC  releases  list of electric vehicles eligible for duty  reimbursementRA SRC  releases  list of electric vehicles eligible for duty  reimbursement
57% of eligible citizens now using cashback system - Minister of  Labor and Social Affairs57% of eligible citizens now using cashback system - Minister of  Labor and Social Affairs
Central Bank of Armenia: ISDA trademark protection extended to   Republic of ArmeniaCentral Bank of Armenia: ISDA trademark protection extended to   Republic of Armenia
Armenia extends VAT exemption for imported electric vehicles for  another yearArmenia extends VAT exemption for imported electric vehicles for  another year
New shipment of Russian grain reaches Armenia via Azerbaijan -  PapoyanNew shipment of Russian grain reaches Armenia via Azerbaijan -  Papoyan
Political Scientist: Yerevan sacrificing  economic interests for   western loyalty Political Scientist: Yerevan sacrificing  economic interests for   western loyalty 
December 2025 Securities Market Data at the Armenia Stock ExchangeDecember 2025 Securities Market Data at the Armenia Stock Exchange
Strategic competition is growing between the US and ChinaStrategic competition is growing between the US and China
More tourists in Armenia last year as compared with 2024 More tourists in Armenia last year as compared with 2024 
Telegram suffered a $500 million bond freeze in Russia due to Western sanctionsTelegram suffered a $500 million bond freeze in Russia due to Western sanctions
Copper Prices to Continue Rising in 2026Copper Prices to Continue Rising in 2026
Trump is developing a large-scale plan to control Venezuelan oilTrump is developing a large-scale plan to control Venezuelan oil
Analysts predict a growth trend for the Chinese stock market in 2026Analysts predict a growth trend for the Chinese stock market in 2026
RBC: Jim Rogers sold all his US shares and invested in UzbekistanRBC: Jim Rogers sold all his US shares and invested in Uzbekistan
Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier 
Armenia and Azerbaijan exploring mutual trade opportunitiesArmenia and Azerbaijan exploring mutual trade opportunities
216,000 less Russians visit Armenia in 2025216,000 less Russians visit Armenia in 2025
Armenia to spend about $169mln on tourism development until 2030Armenia to spend about $169mln on tourism development until 2030
One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister 
Share of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage pointsShare of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage points
Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister 
Armenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of ArmeniaArmenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of Armenia
Armenia collected approximately AMD 5bln in taxes in 2025Armenia collected approximately AMD 5bln in taxes in 2025
Cashback for pensioners and beneficiaries may increase from 20% to  22%Cashback for pensioners and beneficiaries may increase from 20% to  22%
Electronic employment contracts take effect from Jan 1, 2026Electronic employment contracts take effect from Jan 1, 2026
AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal
Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation 
New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationNew Education Platforms through Cooperation between AraratBank and Aren Mehrabyan Foundation
RA CB forecasts GDP growth of 6.3-4.1% in 2026RA CB forecasts GDP growth of 6.3-4.1% in 2026
RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier 
Armenian economy minister on country`s export and import plans with  Azerbaijan Armenian economy minister on country`s export and import plans with  Azerbaijan 
2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
RA health minister ready for joint programs with EAEU partners RA health minister ready for joint programs with EAEU partners 
 Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan
Armenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possibleArmenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possible
Government ready to assist business contacts between Armenia,  Azerbaijan - Armenian premierGovernment ready to assist business contacts between Armenia,  Azerbaijan - Armenian premier
Armenian premier on forecast of GDP growth in 2026Armenian premier on forecast of GDP growth in 2026
Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025
Armenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cardsArmenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cards
AraratBank Receives Visa Trusted Partnership Award 2025AraratBank Receives Visa Trusted Partnership Award 2025
Exponential growth in economic activity in Armenia on New Year eve Exponential growth in economic activity in Armenia on New Year eve 
Armenia to have Kap reservoir and new village - premier Armenia to have Kap reservoir and new village - premier 
RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company 
Armenian government extends ban on export of some agricultural  products Armenian government extends ban on export of some agricultural  products 
Ban on export of whitefish caviar to be extended for six months Ban on export of whitefish caviar to be extended for six months 
Armenia and Israel discuss prospects for expanding economic  cooperationArmenia and Israel discuss prospects for expanding economic  cooperation
2% cashback to be refunded to ArCa local cards in Armenia from 20262% cashback to be refunded to ArCa local cards in Armenia from 2026
IDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary childrenIDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary children
Armenian, German taxation systems discussed at RA State Revenue  CommitteeArmenian, German taxation systems discussed at RA State Revenue  Committee
Armenian economy minister comments on Azerbaijani petrol price in  Armenia Armenian economy minister comments on Azerbaijani petrol price in  Armenia 
RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company 
WB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in ArmeniaWB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in Armenia
EEC Board approves topic on consumer rights protection in EAEU  countriesEEC Board approves topic on consumer rights protection in EAEU  countries
Russia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premierRussia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premier
FLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flightsFLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flights
Kaps reservoir construction suspended Kaps reservoir construction suspended 
Yerevan`s 2026 budget estimate ready Yerevan`s 2026 budget estimate ready 
Read more
Exchange rates
08.01.2026
RUB4.740.00
USD381.39-0.36
EUR445.43-0.76
GBP512.86-2.39
CAD274.95-1.58
JPY24.34-0.05
CNY54.620.02
CHF478.59-1.06