Armenia`s government plans introducing SAFE format 

 Friday, April 26 2024 16:19:00
Armenia`s government plans introducing SAFE format 

ArmInfo.The RA government wants to introduce a new format for concluding an agreement - SAFE (Simple agreement for future equity). At a meeting on April 26, the RA National Assembly Commission on Economic Issues issued a positive  conclusion on the amendments to the law "On Joint-Stock Companies."

Suren Tovmasyan: There are no buying and selling restrictions for  foreigners in real estate market of Armenia, except for transactions  with agricultural lands
 Thursday, January 25 2024 15:09

ArmInfo. There are no restrictions for foreign citizens on transactions of purchase and sale of real estate in Armenia, with the exception of the purchase of agricultural lands. Chairman of the Real Estate Cadastre Committee Suren Tovmasyan told reporters on January 25 during a briefing, answering a question about the possible acquisition of real estate in Armenia by citizens of Azerbaijan and Turkey.

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In less than 5 years, average salary has almost doubled in Armenia -  Pashinyan
 Thursday, January 25 2024 13:35

ArmInfo. The average monthly salary in Armenia in December 2023 was 356,180 drams ($880) or  179,741 drams (101.9%) more than in May 2018. The y-o-y growth amounted to 25,273 drams or 7.6%. Prime Minister Nikol Pashinyan stated on January 25 at a meeting of the Cabinet of Ministers.

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From now on, Armenian-produced composite products containing milk  and/or eggs can be exported to EU
 Tuesday, January 23 2024 18:25

ArmInfo.From now on, composite products containing milk and/or eggs  produced in Armenia can be  exported to  European Union (EU) countries.

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Another state investment bubble bursts: MP comments on Fly Arna
 Tuesday, January 23 2024 18:19

ArmInfo. Opposition MP from the <Armenia> faction Tadevos Avetisyan, commenting on rumors circulating  in the media about serious financial problems of Fly Arna, declares the dissipation of public funds and demands an answer from officials.

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Vahan Kerobyan: Germany is most interested in Armenia`s energy  sector, construction of reservoirs, infrastructures
 Tuesday, January 23 2024 15:38

ArmInfo. Germany today is most interested in Armenia's energy sector, the construction of reservoirs and infrastructure; programs for the SME sector are also being considered. Armenian Minister of Economy Vahan Kerobyan announced in an interview with Public Television, summing up the results of his recent visit to Germany.

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Vahan Kerobyan: Transferring Amulsar`s shares to government was  solution acceptable to both parties at moment
 Tuesday, January 23 2024 15:35

ArmInfo. The transfer of shares by the Lydian Armenia company, which operates the Amulsar mine, as a gift to the government of Armenia was the company's decision. Head of the economic department, Vahan Kerobyan, announced in an interview with Public Television.  "Taking the government as a partner is advisable for the company in the context of creating a more comfortable working environment; moreover, thanks to this step,  many risks will be leveled," the minister said.

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UAE to top list of Armenia`s investment partners in 2023 
 Tuesday, January 23 2024 13:10

ArmInfo. The United Arab Emirates (UAE) will top the list of Armenia's investment partners for  2023 and will be the 2nd largest trade partner of Armenia, Armenia's Minister of Economy Vahan Kerobyan told Armenia's Public TV. 

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Armenia in TOP-7 wine regions recommended for tourists to visit
 Monday, January 22 2024 18:40

ArmInfo.Armenia, as wine region, attracted the attention of the Wine Enthusiast Magazine, one  of the most respected and quoted authorities in the world of wine and spirits.

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First stage of Dry Port project requires investments totaling $45mln
 Monday, January 22 2024 13:40

ArmInfo. At the first stage, the implementation of the Dry Port project will require investments in the amount of $45 million, of which $7.9 million from the government, $37.1 million from the operating company, Charle Malas, Advisor to Armenia's Minister of Economy told Armenia's Public TV. 

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Armenia`s government to raise turnover tax 
 Monday, January 22 2024 12:24

ArmInfo.Armeni's government plans to revise the turnover tax this year and narrow the scope of  beneficiaries of among microbusinesses in 2025. 

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Armenia`s tax revenues 15.4% up last year 
 Saturday, January 20 2024 14:18

ArmInfo.In 2023, Armenia's State Revenue Committee ensured tax revenues totaling AMD 2,200bln  (over $ 5.460bln), which was AMD 296bln or 15.4%, Committee Chairman Rustam Badasyan stated as he presented the 2023 report to Armenia's Premier Nikol Pashinyan. 

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Armenia failed to increase winemaking export attractiveness - study
 Friday, January 19 2024 19:52

ArmInfo. We have not much to boast of, our winemaking industry has not become more export-oriented. Tigran Jrbashyan, Partner, Director of Management Advisory Services at Ameria  said, ppresenting the results of the  "Ameria" company's "Alternative Wine Export Markets" study.

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Armenia ranks 69th in world ranking of best cuisines of TasteAtlas
 Thursday, January 18 2024 20:34

ArmInfo. According to TasteAtlas, a guide to national dishes of the world, which contains authentic recipes, reviews from critics and research articles about popular ingredients and food, Armenia took 69th place among 100 countries of the world. Armenian pomegranate, apricot, cheeses of "Chechil", "Lori", matsun, etc. were identified as the highest rated products.

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Armenia among leaders in number of companies registered in country by  Russians
 Thursday, January 18 2024 16:56

ArmInfo. In 2023, Russians registered 3,400 companies in Armenia. According to the results of  research conducted by the Finion company experts calculated for Forbes.  

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Startups in Armenia to get opportunity to raise money through SAFE  contracts
 Thursday, January 18 2024 16:53

ArmInfo.Armenia is thinking about introducing a new tool for foreign investment in startups. The draft corresponding amendments to the law "On Joint Stock Companies" were approved at a government meeting on January 18.  As stated in the explanation to the document, the goal is to create legal conditions for attracting investments in RA companies through a SAFE contract.

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Yerevan Municipality to start the construction works of Ajapnyak  metro station in 2024
 Thursday, January 18 2024 12:42

ArmInfo.A tender for the construction of the new Ajapnyak metro station will be announced this  year. Yerevan Mayor Tigran Avinyan announced  at the meeting of the cabinet of ministers on January 18.

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Armenia`s Minister of Economy to participate in Global Forum for Food  and Agriculture 2024
 Thursday, January 18 2024 12:36

ArmInfo. Armenia's Minister of Ecponomy Vahan Kerobyan has left for Germany to participate in the  Global Forum for Food and Agriculture 2024 (GFFA).

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Armenian PM: Average real salary in Armenia, excluding inflation,  increased by 33%
 Wednesday, January 17 2024 19:39

ArmInfo. Since January 1 of this year, subsidies to local self- government bodies of Armenia have  increased significantly. Prime Minister of the Republic of Armenia Nikol Pashinyan stated on January 17 during government hour in the National Assembly of the Republic of Armenia, answering a question  from MP David Arushanyan.

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Diversification of sales markets for Armenian products needs to be  intensify - Zaruhi Muradyan
 Wednesday, January 17 2024 13:56

ArmInfo. Zaruhi Muradyan, President of the Vine and Wine Foundation of Armenia highlights more  active diversification of sales markets for Armenian products.  

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Winemaking in Armenia needs licensing - President of Vine and Wine  Foundation
 Wednesday, January 17 2024 12:55

ArmInfo.The interest of foreign investors in the field of winemaking and viticulture in Armenia is growing from year to year, Zaruhi Muradyan, President of the Vine and Wine Foundation of Armenia, told ArmInfo. 

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