US company ready to build Shnokh hydro power plant in Armenia

ArmInfo. The "Investors' Club of  Armenia" Foundation implements two programs in the country for a  total of $ 250 million, Minister of Economic Development and  Investments of Armenia Suren Karayan told in a press conference on  October 18. As explained by the minister, we are talking about the  construction of HPP "Shnokh" and the enterprise for processing solid  waste. Details of the second project the minister refrained from  voicing.

ArmInfo. In January-June of  2017, the growth in tourism in Armenia compared to the same period of  the previous year amounted to 24.3%. In general, the number of  visitors to Armenia has grown to 1 million 350 thousand people. This  was announced by the Minister of Economic Development and Investments  of Armenia Suren Karayan on October 18 at a press conference,  speaking about the results of the annual activity of the department  headed by him.

ArmInfo. Russia delivered a modern high-class electric train ЭП2Д to Armenia. To familiarize himself with the technical capabilities of the new and high-class electric train, on 17 October RA Minister of Transport, Communication and Information Technologies Vahan Martirosyan visited the locomotive depot.

ArmInfo. Vice Prime Minister,  Minister of International Economic Integration and Reforms of Armenia  Vache Gabrielyan held a meeting with the Governor of the US State of  California, Jerry Brown, in San Francisco, USA. The parties agreed on  the process of signing a framework agreement on cooperation between  the Republic of Armenia and California.

ArmInfo. According to the  calculations of the United Nations (UN), while maintaining the  current demographic and migration trends, the population of Armenia  will continue to decline, reaching 2.5 million by 2035. Today,  according to official data, the population of the republic is just  under 3 million people. This was stated by the representative of the  Armenian office of the UN Population Fund (UNFPA) Garik Hayrapetyan  at a press conference on October 17 during the presentation of the UN  report "Population of the World in 2017".

ArmInfo. The construction works on the section of the Yerevan- Sevan-Ijevan interstate highway have been completed. As the press service of the Armenian Ministry of Transport informs, the construction of the highway was carried out unprecedently quickly and qualitatively.

ArmInfo. Prime Minister of Armenia Karen Karapetyan on October 16, in the city of Vanadzor, Lori Marz, Armenia, during the workshop, presented the Concept of the General Development of Vanadzor. The document was developed jointly by the city authorities of Vanadzor and experts from Palermo and Moscow.

ArmInfo. The average growth rate of the Artsakh Republic's GDP for the past 10 years was 9.8%. This was discussed at an expanded meeting on the main provisions of the program of the President of the Republic of Artsakh for 2017-2020 said the President of the country Bako Sahakyan. According to him, this indicator is quite high, given the global financial and economic crisis during the reporting period.

ArmInfo. The Kapan Mining and Processing Combine, part of the Polymetal International plc group of companies, processed 389,000 tons of ore over 9 months of 2017.  Only in the III quarter the processing volumes were 143  thousand tons against 116 thousand tons for the same period last year. This is stated in the company's report on the production results of the third quarter of 2017.

ArmInfo. The Eurasian Development Bank (EDB) will hold the XII International Conference "Eurasian Integration". The event will be held on October 31, 2017 in Moscow. The conference will be devoted to the search for new drivers for the development of Eurasian integration.

ArmInfo. Prospects for  economic growth and poverty reduction in Armenia are marked by  significant uncertainty, the short overview on Armenia, which was  updated in early October, says. According to the World Bank experts,  the risks remain in the country, related both to the internal  situation and external factors.

ArmInfo. In Armenia, all  postal and courier services are integrated into the customs  accounting system of the international postal and courier service.  This was reported by the press service of the Committee on State  Revenues of the Republic of Armenia.

ArmInfo. Armenia has great potential for the development of authentic, gastronomic, in particular, wine tourism, religious, cultural and ecotourism. "Nevertheless, until the tourproduct is developed and expectations are determined on it, one can not estimate the amount of necessary investments, as well as assess the investment potential of the sphere," October 13 at the final press conference, responding to the question of ArmInfo, the head of the Center strategic initiatives Alexander Khachaturyan.

ArmInfo. Since April 13, 2017, 138 cases have been registered among 89 exporters for VAT refunds in an accelerated manner, Arman Poghosyan, head of the Department of Methodology of Administration, Procedures and Services of the State Revenue Committee under the Government of Armenia, said at a press conference on October 13. He noted that the total amount of payments was 1.073 billion AMD.

ArmInfo. "Today, the bill on VAT exemption of business entities importing mechanical and electrical machinery and mining raw materials is submitted to the National Assembly for consideration," Arman Poghosyan, Head of the Department for Methodology of Administration, Procedures and Services of SRC, said at a press conference on October 13. "Thus, we want to give the opportunity to business entities at the start of activities to more effectively use their working capital," he said.

ArmInfo. The government of Armenia discussed the draft amendments to the Labor Code, which was developed on the basis of the instruction of Prime Minister Karen Karapetyan on April 27.  As the press service of the government reports, it was reported that the project was submitted to interested departments, from which various comments and suggestions were received. After the final decision is made on them, the draft will be submitted to the Government and the National Assembly. During the meeting, discussions were held on individual items of the project. Prime Minister Karapetyan considered it necessary to further discuss the project with expert circles and international structures. "It should be in accordance with its regulations the program of the Government and modern approaches. The Labor Code is an important document that should lay the right foundation in the employer-employee relationship," Karen Karapetyan said.

ArmInfo. Minister of Agriculture of Armenia Ignaty Arakelyan received a delegation headed by the Minister of Agriculture of Georgia Levan Davitashvili on October 13.  The Georgian Minister arrived in Armenia at the invitation of Arakelyan with the purpose of participating in the annual specialized agro-exhibition "Armprodexpo".

ArmInfo. Economic entities that, from January 1, 2013 until January 1, 2017, did not submit any reporting to the Tax Authorities, whose tax liabilities do not exceed 10,000 AMD and whose property is not listed as real estate, have the opportunity under a new simplified procedure through the State Register bankruptcy. This was stated by Arman Poghosyan, Head of the Department of Methodology of Administration, Procedures and Services of the SCR, at a press conference on October 13.

ArmInfo. About 1600 self-employed persons used the preferential program of the State Revenue Committee under the Government of Armenia in 2017, which provides for exemption from any tax payments. Arman Pogosyan, head of the administration department of the methodology of administration, procedures and services of SRC stated this during a press conference on October 13.

ArmInfo. The State Revenue Committee under the RA government approved the procedure for exemption from payment of fines for business entities with arrears of taxes. Arman Poghosyan, head of the administration of methodology of administration, procedures and servicing of SRC, told this during a press conference on October 13.