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."

ArmInfo. 95% of Armenian IT sector services are exported.  Chairman of the Republican Union of  Employers of Armenia, economist Gagik Makaryan announced during a press conference on January 29, organized by the Club of Economic Journalists.

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.

ArmInfo.The situation at the Upper Lars checkpoint is a show of muscle on Moscow's part, which  could be very costly for the Armenian manufacturer on the eve of the New Year holidays. At the same time, the economic authorities of Armenia themselves are insincere in communicating with the local producer, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), told ArmInfo. 

ArmInfo.During the last two years, there has been a significant increase in investments in  renewable energy, including solar energy, in Armenia. This was discussed during the panel discussion held on November 28 within the framework of the Energy Weekforum.

ArmInfo. 43 young people from the Tavush region have celebrated their graduation from a programme enhancing their employability through skills building. The six-month programme implemented jointly by Gyumri Information Technologies Center (GITC) and HSBC Bank Armenia CJSC (hereinafter HSBC Armenia /Bank) was set up to help local youth improve their soft skills and participate in free programming, graphic design and marketing courses.

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ArmInfo. It is first of all export diversification and boosting domestic production that can compensate Armenian businesses for their financial losses caused by the Russian  rouble depreciation, Gagik Makaryan, President of the Republican  Union of Employers of Armenia (RUEA), told ArmInfo. 

ArmInfo.The ban on Turkish imports to Armenia should not only be extended, but also supplementedby import substitution. Chairman of the Republican Union of Employers  of Armenia, economist Gagik Makaryan expressed a similaropinion to  ArmInfo.

ArmInfo. PhD in Economics, well-known theoretician economist in Russia and Armenia, Member of the Council of Armenian IDBank Karen Markaryan elected as the new Chairman of the Republican Union of Employers of Armenia .

ArmInfo.The agenda of the government and parliament does not reflect the challenges that Armenia faces today. A similar opinion was expressed by the chairman  of the Republican Union of Employers of Armenia, economist Gagik  Makaryan during a press conference on December 16.

ArmInfo. The devaluation of  the national currency in Armenia is associated with a number of  reasons, first of all, with a decrease in export volumes, transfer  inflows, limitation of international donor programs, the inability to  leave for labor migrants and a worsening economic situation in the  country. A similar opinion was expressed by the chairman of the  Republican Union of Employers of Armenia, economist Gagik Makaryan  during a press conference on December 16. In particular, he stressed  that today the dollar in relation to the dram is about 520-530 AMD /  $, the euro has reached 630-640 AMD /EUR. He noted that the Central  Bank is now pursuing a restrictive policy, trying to keep the  exchange rate at a level acceptable to exporters and not creating  serious problems for importers. However, according to Makaryan, the  Armenian economy remains more dependent on the dollar. Artificially,  in view of the current situation, the profits of exporters are  growing, but in this regard, he stressed that the share of exports is  40% of imports. Consequently, currency devaluation can lead to higher  prices for certain imported goods.

ArmInfo.Armenian business is still facing artificial problems at Russian customs, despite the presence of its own representative there. Gagik Makaryan, economist,  chairman of the Republican Union of Employers of Armenia (RUEA), said  this, answering the question of an ArmInfo correspondent, on the  sidelines of the meeting of EEC ministers with representatives of  Armenian business.

ArmInfo. Given the possibility of a second wave of COVID-19, this fall, new problems may arise in the economy due to the tightening of restrictions from the  commandant's office. Gagik Makaryan, Chairman of the Republican Union  of Employers of Armenia, expressed a similar opinion to ArmInfo.

ArmInfo. It is time for Armenia to realize the weakness of Russia as its main strategic partner. First of all, in the economic field. To realize, draw appropriate  conclusions and start taking steps to change the situation. Chairman  of the Republican Union of Employers of Armenia Gagik Makaryan  expressed a similar opinion to ArmInfo.

ArmInfo.The shadow share of the Armenian economy falls mainly on small and medium enterprises; in large business it is more difficult to hide the "shadow". This was stated by Chairman of the State Revenue Committee (SRC) David Ananyan on October 16 at a press conference.

ArmInfo.About 100 thousand new jobs can be created in Armenia annually. This is precisely the approximate development potential of our economy today. A similar  opinion was expressed by ArmInfo Chairman of the Republican Union of  Employers of Armenia Gagik Makaryan.

ArmInfo.The leasing company AGBA Leasing and the Republican Union of Employers of Armenia (RSRA) signed a memorandum of cooperation, under which the parties will  contribute to the development and modernization of enterprises, in  particular SMEs, green economy, stimulation of domestic equipment  production, export growth, competitiveness, improved working  conditions and othersAs noted by the Executive Director of the AGBA  Leasing Arsen Bazikyan, cooperation with the RSRA will create an  opportunity for SMEs and employers, including members of the Union,  to receive interesting proposals for business development.