ArmInfo. The positive economic indicators of Armenia, registered in 2017, are largely due to the membership of the republic in the Eurasian Economic Union.
ArmInfo. The key task for Armenia in this situation is to achieve the export-GDP ratio of 30%, in which finished products should prevail. This opinion was expressed by the doctor of economic sciences, the head of the Center for Economic Research Ashot Tavadyan at the press conference.
ArmInfo. The interbank currency market of Armenia increased its volumes two times from February 19 to February 23, compared to the previous week, after the same growth a week earlier. Moreover, during the week only on Monday the currency bank was empty, after which the deals were made daily, with maximum volume was scored on Thursday. At the same time, intra-bank foreign exchange market players showed interest in buying up the euro and the ruble, while reducing the volume of dollar transactions. Exchange market since the beginning of the year to this day continues to empty. As a result, the dram continued to strengthen appreciate to the dollar - from 481.5 to 481 AMD / $ 1, also tuned to the euro - from 604 to 592 AMD/ 1EUR and to the ruble - from 8.6 to 8.5 AMD/ RR A year earlier, on February 23, 2017, the exchange rate of the dram to the dollar was 486.3 AMD/ $ 1, to the euro - 514 AMD / 1EUR, and to the ruble - 8.4 AMD / RR, which, in comparison with the current rates, indicates the annual devaluation of the dram to euro and ruble at revaluation to the dollar.
ArmInfo. Fiscal policy will continue to have a deterrent effect on economic activity in Armenia, the quarterly macroeconomic review prepared by the EDB Chief Economist Group says.
ArmInfo. The insurance sector of Armenia paid 2.652 billion AMD in taxes in 2017, which is 26.8% more than a year ago. Of this amount, over 91.4% or 2.425 billion AMD was paid under direct taxes (including income tax and income tax). According to the RA State Revenue Committee, in the list of 1000 largest taxpayers of Armenia, in the result of 2017, all 6 insurance companies operating on the market were included.
ArmInfo. The list of the largest taxpayers of Armenia in 2017 continues to be headed by Gazprom Armenia (the former ArmRosgazprom), paying 39.7 billion USD to the state treasury or $ 82 million (with an annual decline of 6.4%), of which 181.1 million AMD - on customs duties, 6.9 billion AMD - on direct taxes (including income tax, income tax), 34.9 billion AMD - on indirect taxes (including VAT, excise tax).
ArmInfo. The Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Ashot Manukyan received the head of development programs of Global Contour company Ralph Novak and Director of JSC Contour Global Hydrocascade Ara Hovsepyan on February 22.
ArmInfo. The Minister of Energy Infrastructures and Natural Resources of Armenia Ashot Manukyan and the regional director of the Spanish company "CBSA" Cobra Alejandro Rodrigo discussed promising cooperation programs on February 16.
ArmInfo. After participating in the ITU Global Congress in 02.18India in February 19-21, Armenia managed to come to an agreement with the Indian side on launching a pilot program for the introduction of Armat engineering laboratories in the schools of the Indian city of Hyderabad. This was stated during the press conference on February 24 by the director of the company "Instigate" Arman Pogosyan.
ArmInfo. The achievements of the ICT sphere of Armenia are presented within the framework of the World Congress on Information Technologies (WCIT), which takes place in Hyderabad (India) from February 19 to February 21. The Armenian delegation at the Congress is represented by Deputy Minister of Transport, Communications and Information Technologies of Armenia Arman Khachatryan and the leadership of the Union of Information Technology Companies (UITE).
ArmInfo. In Armenia, against the background of a fall in property prices, the mortgage is gaining momentum. According to the Financial Rating of the Armenian Banks prepared by IC ArmInfo, parallel to this, the volume of bank mortgage lending came out of the 1.5% decline by 14.4%, to 215.2 billion drams or $ 444.5 million, which was accompanied by a decrease in mortgage rates loans for 2017 from 12.2% to 10.6% on average. Meanwhile, over the past year the average market value of housing has decreased by 2.8% (against growth of 0.6% in 2016).
ArmInfo. The average market value of housing in Armenia decreased by 2.8% in 2017, making 178.8 thousand AMD ($ 370)/1sq.m. versus 0.2% growth in 2016. This is evidenced by the data of the State Committee of Real Estate Cadastre.