Astana proposes joint investment programmes in Yerevan 

 Monday, April 15 2024 13:12:00
Astana proposes joint investment programmes in Yerevan 

ArmInfo. "Kazakhstan is interested in further developing a comprehensive partnership with Armenia, and  therefore today's visit is of particular importance to me," President Kassym-Jomart Tokayev stated on April 15 in Yerevan following negotiations with Armenian Prime Minister Nikol Pashinyan.

70 IT companies included in Armenia`s 1000 largest taxpayers list
 Monday, January 29 2024 18:12

ArmInfo.At the end of 2023, the list of 1000 largest taxpayers of Armenia included 70 IT  companies, which in total replenished the state treasury by 75 billion drams, which exceeds the figure a year ago by 44% or 25 billion drams.

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2nd Amundi-Acba Economic Forum held in Yerevan
 Monday, January 29 2024 17:32

ArmInfo. The second Amundi-Acba Economic Forum 2024 was held in Yerevan on January 24, which brought together thought leaders, industry experts, and innovators to explore and discuss critical topics shaping the economic landscape.  Jean Mazedjian, CEO of Amundi-Acba Asset Management, mentioned during his greeting that, taking into account the results of last year's forum, it was decided to make the event  traditional and hold it every year.

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About 35% of Armenian population does not experience GDP growth -  Republican Union of Employers of Armenia Chair
 Monday, January 29 2024 17:27

ArmInfo. Six out of ten regions of Armenia experience almost no GDP growth. Chairman of the  Republican Union of Employers of Armenia, economist Gagik Makaryan said on January 29 during a discussion on the topic "Trends in the economic development of the Republic of Armenia in the context of the  economic distribution of large taxpayers."

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Baku will be against construction even in Yerevan: President of Union  of Miners and Metallurgists of Armenia
 Monday, January 29 2024 17:22

ArmInfo. The most important sectors of the Armenian economy, which are of strategic importance  for the republic and capable of providing it with long-term and stable economic growth, are targeted by Baku.

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Strong dram hits miners: Head of Union of Miners and Metallurgists  of Armenia
 Monday, January 29 2024 17:19

ArmInfo. If in 2022 the list of 1000 largest taxpayers in Armenia included 8 mining organizations,  then in 2023 there were already 5 of them. Vardan Janyan, First Deputy General Director of Zangezur Copper-Molybdenum Combine CJSC (ZCMC), President of the Union of Miners and Metallurgists of Armenia  stated on January 29 b during a discussion on the topic "Trends in the economic development of the Republic of Armenia in the context of the economic distribution of large taxpayers" at the Club of Economic Journalists.

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Of approximately 64 thousand legal entities registered in Armenia,  only 8 thousand contribute to economy - Gagik Makaryan
 Monday, January 29 2024 17:18

ArmInfo.The taxes paid by TOP-10 of the list of 1000 largest taxpayers of Armenia make up about  20% of the budget; for example, TOP-10 in Germany pay only 2.5% of taxes. In 2021, the figure in Armenia was 85%, and in 2022 it was only 58.2%. A 1.5-fold decline indicates successful economic diversification.

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EU intends to attract up to EUR 10 billion in investments to  establish EU-Central Asia transport corridor through Transcaucasus  and Turkey, bypassing Russia
 Monday, January 29 2024 14:51

ArmInfo.The European Union intends to attract up to EUR10 billion in investments to establish a  transport corridor from Central Asia to Europe through the Transcaucasus and Turkey, bypassing Russia, but so far Brussels is ready to allocate only EURO 2.97 billion for these purposes in the form of two credit lines from the European Investment Bank (EIB ) and the European Bank for Reconstruction and Development (EBRD), informs  the statement of the European Commission, made within the framework of the Investors Forum for EU-Central Asia Transport Connectivity  that opened in the Belgian capital.

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Iran ready to assist Armenia in reservoir construction 
 Monday, January 29 2024 12:37

ArmInfo. Iran is ready to offer its services in construction of reservoirs in Armenia, Iranian  Ambassador to Armenia Mehdi Sobhani stated at his meeting with Armenia's Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan. 

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EAEU integration model effective - Alexey Overchuk 
 Monday, January 29 2024 12:37

ArmInfo. In 2021-2022, a fivefold increase in money transfers from Russia to Armenia was recorded - from $867 million to $4,385mln. However, the reasons for opening accounts in Armenia were, among other things, gaining access to international payment systems, Russian Vice-Premier Alexey Overchuk stated this in an interview with Expert magazine, speaking about the advantages of the Eurasian Economic Union (EAEU) over the EU.

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Armenia`s real economy "loses" positions to non-export industries -  expert 
 Monday, January 29 2024 12:36

ArmInfo.The results of 2023 indicate that the real (export) economy has "lost" its position to non-export industries, which are experiencing a temporary boom under the influence of exogenous factors, Former head of the State Revenue Committee of Armenia Davit Ananyan wrote on his Facebook account, commenting on the "List of the 1000 largest taxpayers of the Republic of Armenia" recently published by the tax authority.

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Board of directors to decide Fly Arna fate
 Monday, January 29 2024 12:29

ArmInfo.Armenian National Airlines CJSC, better known as Fly Arna, has not been operating  flights since January 10, an informed source told ArmInfo. 

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"LIGA Insurance" tops list of largest taxpayers in Armenia among  insurance companies 
 Friday, January 26 2024 15:56

ArmInfo."LIGA Insurance" topped the list of the largest taxpayers in Armenia among insurance  companies. According to data from the State Revenue Committee, the LIGA Insurance insurance company rose to the 384th place (the 554th in 2022), paying AMD 815.1mln the state budget, of which AMD 682.6mln  as direct taxes.

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Armenian telecom operators increased tax payments to state treasury  by 14% in 2023
 Friday, January 26 2024 15:54

ArmInfo.Four telecom operators in Armenia - MTS Armenia, UCom, Team Telecom Armenia and GNC Alpha - paid 39.2 billion drams to the state treasury in taxes for 2023, which is 14% higher than a year ago. Of this amount, 324.8 million drams were paid for customs duties, 9.7 billion - for direct taxes (including profit tax, income tax) and 17.6 billion - for indirect taxes (including VAT, excise tax).

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For second year in row, ZCMC tops Armenia`s largest taxpayers list 
 Friday, January 26 2024 15:52

ArmInfo.For the second year in a row, the Zangezur Copper- Molybdenum Combine (ZCMC) tops the  list of the largest taxpayers in Armenia. According to data from the State Revenue Committee, the company sent 70.8 billion drams to the state treasury in 2023 (with an y- o-y decline of 50.8%), of which 5.2 billion drams were for customs duties, 27.1 billion. drams - for direct taxes (including profit tax, income tax), 5.6 billion drams -  for indirect taxes (including VAT, excise tax).  

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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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