Universal Income Declaration: what happened has little in common with  what was intended - David Ananyan

 Wednesday, February 19 2025 16:22:00
Universal Income Declaration: what happened has little in common with  what was intended - David Ananyan

ArmInfo. By implementing universal income declaration, the Armenian authorities are addressing  several problems - they streamline the work of law enforcement officers and provide the government with complete oversight of citizens' cash flows, as stated by David Ananyan, PhD in Economics, Director of DSA and former head of the State Revenue Committee of Armenia, in an interview with an ArmInfo correspondent.

Are all funds protected in Russian banks?
 Friday, December 20 2024 15:51

ArmInfo. once said Lucius Annaeus Seneca, the famous Roman Stoic philosopher, poet and statesman To ensure the safety of our hard-earned money, the modern world has come up with a system of guaranteeing bank deposits.

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Expert: SMR technologies are still futuristic
 Monday, December 16 2024 17:07

ArmInfo. The current state of Armenia's nuclear energy sector is similar to a well-known monologue performed by People's Artist of Russia Roman Kartsev:  yesterday there were big crayfish, but for five rubles, today there  are smaller crayfish, but for three rubles.  After extensive  discussions, the Armenian government has reached a decision on the  capacity and type of the new nuclear power plant. According to RA  Prime Minister Nikol Pashinyan, a political decision has been made to  construct a nuclear power plant with a small modular reactor (SMR).  RA Minister of Territorial Administration and Infrastructure Gnel  Sanosyan commented on the Armenian Cabinet's statement, noting that  the plant will have a capacity of 400-600 MW. Based on his  statements, it can be inferred that Armenia intends to build two  power units, as SMR nuclear power plants typically have units with  capacities of up to 300 MW. Meanwhile, experts in the field emphasize  the importance of a robust nuclear energy sector for Armenia, as we  approach the fifth world industrial revolution.

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Armenian Banks: About HSBC, Ardshinbank and Conducting Business in the New Environment of Sanction Restrictions
 Friday, November 29 2024 09:01

ArmInfo.Yerevan, November 23, 2024. ArmInfo. The announced withdrawal of the Armenian branch of the prominent international Hongkong and Shanghai Banking Corporation (HSBC), a banking group with British roots, from the domestic market has raised a valid question within the country’s financial community: where will HSBC's clients, particularly its business clientele accustomed to international banking standards since 1996, go? The announcement earlier this year of HSBC Bank Armenia's acquisition by a bank with exclusively Armenian roots brought both reassurance and numerous questions. ArmInfo's Director General and economic observer Emmanuil Mkrtchyan sought to clarify the situation with David Sargsyan, Deputy Chairman of the Management Board of Ardshinbank.

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The state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur Ashugyan
 Monday, November 4 2024 18:23

ArmInfo.Yerevan, In late September, the Mining Armenia Forum was held in Armenia, organized by the Union of Miners and Metallurgists of Armenia. The forum was attended by representatives from almost all  mining companies in the country, specialists in various fields, environmentalists, representatives from various NGOs, and foreign guests.

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Fixing over-ambitious and unrealistic goals most dangerous - expert 
 Monday, October 7 2024 12:40

ArmInfo.Armenia's GDP growth by the end of 2024 will be within 5%, but not 7% according to the  approved state budget and not 5.8% expected by the financial authorities in the draft budget for next year, Vardan Aramyan, an international consultant on public finance management and former RA  Finance Minister, stated in an interview with ArmInfo

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Idram: Infrastructure for Financial Institutions․ Idram for Everyone
 Monday, September 9 2024 21:22

ArmInfo.Armenia is one of the regional leaders in the field of contactless QR payments. QR payments were introduced in the country in 2016. We spoke with Arsen Kdenian, Director of Idram, about the current state of QR payments and the future of the sector.

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External factors only hope or Armenia`s shoestring budget
 Thursday, August 8 2024 09:37

ArmInfo. The current government is proud of the tax overfulfillment in Armenia over the past two years.  However, already at the end of the first quarter of 2024, the authorities, albeit in a low voice, began to talk about the possible underfulfillment of the target state budget indicator, and by the end of June they officially announced that tax arrears had reached approximately 9%.

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IDBank will have a new premium service lounge. Lida Safaryan
 Monday, July 29 2024 22:53

ArmInfo. IDBank regularly speaks about the advantages that privileged service customers enjoy. They are progressively expanding and adapting to international standards. We discussed this with Lida Safaryan, Head of Premium Banking Services, Commercial Director and Vice President of IDBank.

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Only two companies benefit from securities issuance assistance programme in Armenia
 Monday, July 29 2024 10:31

ArmInfo. So far, two companies have become beneficiaries of the state program to promote the issue of equity (shares) and debt (bonds) securities, as well as passing credit ratings. By the end of 2024, 2-3 more participants may join them. Hasmik Zakaryan, Head of the Department for the Development of Financial Infrastructures of the RA Ministry of Economy, spoke with an ArmInfo about the terms of the state program to promote the development of the capital market, as well as its prospects.

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Armenia needs 600MW NPP - ex-premier 
 Tuesday, July 16 2024 13:44

ArmInfo. Armenia cannot do without nuclear energy, Armenia's ex-premier Hrant Bagratyan told  ArmInfo.

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So that old age can be a joy! Present and future of funded pension  reform in Armenia
 Monday, June 17 2024 11:27

ArmInfo. Imagine for a moment that you are a beneficiary of the of the USA represented by Apple, Microsoft, META, NVIDIA, TESLA, Alphabet Inc.  and Amazon. And this became possible by joining the Mandatory Funded  Pension System (MFPS)  of Armenia.  

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Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
 Thursday, April 18 2024 17:31

ArmInfo. I do not share the optimism that Armenia will be able to diversify its export markets in  a few years; maybe it will be possible to somewhat reduce its dependence on the Russian market.  Emil Stepanyan, co-founder of the Export Armenia Association of Experts stated  in a conversation with  an ArmInfo correspondent.

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Expert on Armenia`s international trade growth against "miserable  trade pattern"  
 Wednesday, February 21 2024 18:36

ArmInfo.The overall growth rates of Armenia's international trade turnover for 2023 are marked by unprecedented achievements, however, the structure of exports and imports, unfortunately, indicates the presence of significant imbalances and shifts containing significant long-term macroeconomic risks, Doctor  of Economy Aghasi Tavadyan told ArmInfo. 

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Expert: Armenia should use Georgian, Turkish transit opportunities
 Friday, January 19 2024 19:54

ArmInfo. In order to fully use transit opportunities with Georgia, it is necessary to enter into bilateral negotiations in order to eliminate those measures that are mutually applied to cargo carriers due to the fault of the Armenian side. A similar opinion was expressed by economist Tigran Jrbashyan, presenting the results of the "Ameria" company's "Alternative Wine Export Markets" study.

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Reforms in management of apartment buildings; Government steps away from Soviet-era approaches
 Monday, December 25 2023 20:27

ArmInfo. The Armenian authorities are reforming the institution of management of multi-unit apartment buildings (hereinafter: apartment buildings) and are considering transferring these powers to an external manager (outsourcer). At the same time, in order to protect the interests of the residents, the rights and responsibilities of the developer and the apartment owners are clarified. Tanya Arzumanyan, Head of the Department of Housing Fund Management and Communal Infrastructure of the RA Urban Development Committee, told ArmInfo.

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Armenian startups lack ambition
 Thursday, November 16 2023 12:22

ArmInfo.The international network of impact hubs (centers for social innovation,  entrepreneurship and coworking spaces) began to actively develop around the world in 2009. The opening of such a center in Armenia took place in 2016, which happened in parallel with their  establishment in many countries of Western Europe.

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SRC- from control to total dictatorship
 Tuesday, October 24 2023 14:01

ArmInfo. The legislative changes initiated by the State Revenue Committee (SRC) of Armenia, allowing  the tax authority to request from the taxpayer a bank statement on transactions without a court decision, will lead to the establishment of an "economic dictatorship" in Armenia, based not on the rule of law, but on the principles of permissiveness of the tax authorities .  Eduard Badalyan, an Expert at the Citizen, Taxpayer, Business Rights  Protection NGO shared this point of view in a conversation with an ArmInfo correspondent.

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Amid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad Azour
 Wednesday, September 6 2023 11:11

ArmInfo. A delegation of the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle  East and Central Asia Department, and Ms Iva Petrova, IMF Mission Chief for Armenia, was on a visit to Armenia recently. In an interview with Mr Emmanuil Mkrtchyan, CEO, ArmInfo News Agency, Mr Jihad Azour said that the IMF delegation visited Armenia on the occasion of the 30th anniversary of the Armenian national currency  and foundation of the Central Bank of Armenia, landmarks in Armenia's history.

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Armenia needs tested and approved nuclear power unit
 Monday, August 7 2023 11:07

ArmInfo. Today is the deadline for the 2-month term for the expert opinion by the interagency group for construction of a new nuclear power unit formed under a decision  by Armenia's Premier Nikol Pashinyan. 

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Economist: one should not expect serious economic growth in Armenia  without industrial development in mid-term
 Monday, July 31 2023 15:24

ArmInfo. There is practically no policy aimed at developing high value-added industries in Armenia.  This, in fact, is evidenced by the data of both the RA Statistical  Committee and the list of the largest domestic taxpayers. Doctor of  Economic Sciences, Professor Ashot Tavadyan expressed a similar point  of view in an interview with ArmInfo.

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