ArmInfo.On May 17, the NA Standing Committee on Economic Affairs debated the draft law on Making  Amendments and Addenda to the RA Tax Code with the attached legislative package in the first reading. It was presented by the RA Deputy Minister of Finance Arman Poghosyan, the press service of the  RA NA reports.

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ArmInfo. According to the latest data, the share of small and medium- sized businesses in Armenia's  GDP is about 25%. Meanwhile, in developed countries, this indicator usually varies between 50-60%.

ArmInfo.The Armenian government proposes to make changes to the car trade system within the framework  of the "Trade-in" program (exchanging an old car for a new one with an additional payment). At May 17 meeting , the RA NA Standing Committee on Economic Affairs issued a positive conclusion on the amendments to the law "On Trade and Services" submitted by the executive body.

ArmInfo.US$ 10 million EBRD loan package to ArmSwissBank

ArmInfo.Lawyers in Armenia express dissatisfaction with the draft amendments to the Tax Code,  according to which, from January 1, 2025, public defenders will be transferred to the general field of taxation.

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ArmInfo. Prime Minister Nikol Pashinyan received Axel van Trotsenburg, World Bank Senior Managing  Director of Development Policy and Partnerships, and  Alfonso Garcia  Mora International Finance Corporation (IFC) Regional Vice President.

ArmInfo. President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso  believes that Armenia is a good example of productive assistance to  the country and its reforms. She stated on May 16 at a press  conference following the 33rd Annual Meeting of the Bank in Yerevan.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is boosting its support for  micro, small and medium-sized businesses (MSMEs) in Armenia by extending new financing to Armeconombank, a press release from the EBRD notes.

ArmInfo. Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development  (EBRD), clarified what caused the "optimism" of the EBRD, which in  its latest report forecasted a 6.2% growth of the Armenian economy,  answering a question from an ArmInfo correspondent. 

ArmInfo. The Ministry of Finance of Armenia signed a cooperation agreement with the French Development  Agency (The Agence Francaise de Developpement - AFD) for 2024-2027. The Agency's  press service reports, referring to the results of a meeting in the RA government, which took place with the participation  of the Ambassador of France to Armenia Olivier Decottignies  and Bertrand Walckenae, Deputy CEO the AFD.

ArmInfo.As part of the 33rd EBRD Business Forum on May 15 at the Dvin , Ardshinbank, a flagship sponsor of the event, organized a panel discussion on economic and trade sanctions. Ardshinbank's initiative brought together international experts, as well as representatives from the private and public sectors interested in monitoring sanction processes, onto one platform. The main objective of the discussion was to exchange views and assist participants in the practical implementation of sanctions compliance.

ArmInfo. On May 16, the Armenian government decided to redistribute funds and allocate 3 billion drams  to fulfill the state order for healthcare.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million  financial package to ArmSwissBank in Armenia to finance the private  sector's investments in growth, competitiveness, and greener and more  sustainable practices, the Bank's press service reports.

ArmInfo.  Armenia's suspension of funding to the CSTO is not a tragedy; Yerevan is not leaving the  organization. This was stated by Deputy Foreign Minister of the  Russian Federation Alexander Pankin during a session within the  framework of the international economic forumentiteled "Russia -  Islamic World: KazanForum".

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ArmInfo. On May 16, the Armenian government approved a program to support the providing of housing to  families forcibly displaced from Nagorno-Karabakh.

ArmInfo. The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has today  re-elected Odile Renaud-Basso to serve a second term as the Bank's President.