"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 

 Thursday, July 29 2021 18:30:00

ArmInfo.On July 29, the Armenian government satisfied the application of "Texas Production" CJSC for exemption from import customs duties on imported technological  equipment, their components, raw materials and materials imported  within the framework of the investment program, which implies  investments of about 1 billion drams.

Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment
 Thursday, July 29 2021 18:29

ArmInfo. On July 29, the Armenian government satisfied the application of "GINAP" LLC for exemption from import customs duties on imported technological equipment, their components, raw materials and materials imported within the framework  of the investment program implemented in the priority sector.

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Governor: Sotk mine will be exploited again when safety issues are  resolved  
 Thursday, July 29 2021 18:27

ArmInfo.At present, the Sotk mine is not working, Gnel Sanosyan, the governor of the Gegharkuni region of Armenia, told reporters on July 29 after a government meeting.

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About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.
 Thursday, July 29 2021 14:11

ArmInfo.About 30 billion drams will be invested in the construction of a new ski resort in the Aragatsotn region of Armenia. The draft investment program of the  Myler Mountain Resort company was approved on July 29 at a meeting of  the Armenian government.  

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Armenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk region
 Wednesday, July 28 2021 13:40

ArmInfo.Acting Prime Minister of Armenia Nikol Pashinyan is forming an interdepartmental group to study the possibilities of launching the Armoil petrochemical plant in the Nati district of the city of Yeghvard in the Kotayk region of  the republic.

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TOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the year
 Tuesday, July 27 2021 19:43

ArmInfo. The five leaders of the list of 1000 large taxpayers in Armenia in total paid 106 billion drams to the budget through taxes, of which 44 billion - in direct  taxes (including income tax, profit tax) and 39.5 billion - in  indirect taxes (in including VAT, excise tax).

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Delegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fields
 Tuesday, July 27 2021 16:01

ArmInfo. Acting Head of the Armenian Ministry of Economy in Georgia will discuss the possibilities of expanding bilateral trade and economic cooperation.

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ANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in Armenia
 Tuesday, July 27 2021 15:32

ArmInfo.Armenian National Interests Fund (ANIF) spoke about the advantages of the amendments to the RA Law "On Public-Private Partnership".

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French experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in Armenia
 Tuesday, July 27 2021 13:07

ArmInfo.A four-day mission was carried out at the State Revenue Committee (SRC) of Armenia within the framework of the "Support to the Tax Administration of the  Republic of Armenia " program, funded by the French Development  Agency (AFD) and implemented by the French "Expertise France"  international technical cooperation agency.

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In H1 2021, ARMENAL plant produced 16.9 thousand tons of products
 Tuesday, July 27 2021 13:05

ArmInfo. RUSAL, one of the world's largest aluminum  producers, produced 1.868 million tonnes of aluminum in H1 2021,  which is 0.1% more than in the same period last year.

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Growth of economic activity accelerates in Armenia
 Monday, July 26 2021 14:52

ArmInfo. In Armenia, economic activity in H1 2021 increased by 5% per annum (against a 4.7% decline a year earlier), which is accompanied by an increase in exports and a rise in imports. In June of this year. by June 2020, economic  activity increased by 8% (against a decline of 12.8% a year earlier),  while in June 2021 alone it accelerated growth to 12% from May 2%  (against a less noticeable acceleration of growth in May 2020 from  13.3 % to 14.8%).

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Armenia intends to expand cooperation with leadership of Iran`s  Social Security Investment Company
 Monday, July 26 2021 14:10

ArmInfo. Representatives of the Armenian Ministry of Economy in Tehran will discuss prospects for expanding cooperation with the leadership of the Social Security  Investment Company

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Clarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayer
 Monday, July 26 2021 14:00

ArmInfo.In the first 6 months of 2021, 169 economic entities submitted applications for obtaining a certificate of a law-abiding taxpayer to the State Revenue Committee  (SRC) of Armenia, 111 of them were satisfied. The certificate of a  law-abiding taxpayer is issued for a period of 1 year.

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1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
 Saturday, July 24 2021 13:10

ArmInfo.The State Revenue Committee (SRC) of Armenia has published a list of 1000 large taxpayers of the country, who in the first half of this year paid a  total of more than 584 billion 440 million AMD (about 1.2 billion US  dollars) to the state budget.  In particular, from January to June  2021, the amount of payments to the tax authority amounted to 494  billion 334 million drams, and to the customs authority - over 90  billion 105 million drams.

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Government of Armenia discussed agricultural programs implemented  with support of state
 Friday, July 23 2021 18:13

ArmInfo.Acting Prime Minister of Armenia Nikol Pashinyan held a consultative meeting to discuss the development programs implemented in agriculture. The press service of the Acting Prime Minister of Armenia reports.

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Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
 Friday, July 23 2021 11:59

ArmInfo.As of July 20, tax revenues of the Armenian state treasury amounted to 865.2 billion drams, which is 83.6% of the approved target for 9 months of 2021.

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Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
 Friday, July 23 2021 09:55

ArmInfo.Armenian Ambassador to the Czech Republic Ashot Hovakimyan visited the office of the CzechInvest Investment and Business Development Agency of the Czech  Republic, where he held talks with the agency's director Patrick  Reichl.  

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Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
 Thursday, July 22 2021 17:10

ArmInfo.The development of the Armenian-Russian strategic, trade and investment cooperation was discussed at a meeting on July 22 by Deputy Minister of Economic  Development of the Russian Federation Dmitry Volvach and Russian  Ambassador to Armenia Sergey Kopyrkin. This was reported by the press  service of the Russian Ministry of Economy.  "Russia is ready to  share with Armenia its practices and advanced solutions in various  fields," Volvach said.

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It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
 Thursday, July 22 2021 14:26

ArmInfo. "It was a joke!", told acting Minister of Economy of Armenia Vahan Kerobyan on July 22 journalists, having touched the record he made the day before that  labor migrants should be detained. As Kerobyan pointed out, Armenia  has an acute shortage of personnel, including shepherds.

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Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
 Thursday, July 22 2021 14:24

ArmInfo.The Armenian government has allocated 8.9 billion drams (about $ 17.8 million) to the Ministry of Territorial Administration and Infrastructures for the  overhaul of roads with a length of 50.7 km. The allocations under the  Road Network Improvement Project. - Overhaul of Highways of National  Importance were approved on July 22 at a meeting of the Cabinet.

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Armenian authorities will fight against tax "parasites"
 Thursday, July 22 2021 12:37

ArmInfo.The financial authorities have developed a draft law against tax abuse. This was announced on July 22 at a government meeting by acting Prime Minister of the  Republic of Armenia Nikol Pashinyan.

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News
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperationEducation is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation
"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 
Armenian government satisfied application of Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment
Governor: Sotk mine will be exploited again when safety issues are  resolved  Governor: Sotk mine will be exploited again when safety issues are  resolved  
About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia. About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.
Converse Bank has completed the placement of corporate bondsConverse Bank has completed the placement of corporate bonds
Armenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk regionArmenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk region
Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completedFundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed
TOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the yearTOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the year
Managing Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunitiesManaging Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunities
In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth 
Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021
Delegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fieldsDelegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fields
ANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in ArmeniaANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in Armenia
French experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in ArmeniaFrench experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in Armenia
In H1 2021, ARMENAL plant produced 16.9 thousand tons of productsIn H1 2021, ARMENAL plant produced 16.9 thousand tons of products
ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia
Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021
Armenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annumArmenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annum
Growth of economic activity accelerates in ArmeniaGrowth of economic activity accelerates in Armenia
Armenia intends to expand cooperation with leadership of Iran`s  Social Security Investment CompanyArmenia intends to expand cooperation with leadership of Iran`s  Social Security Investment Company
Clarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayerClarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayer
1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
US State Department Investment Review: The financial sector in  Armenia is not highly developedUS State Department Investment Review: The financial sector in  Armenia is not highly developed
Government of Armenia discussed agricultural programs implemented  with support of stateGovernment of Armenia discussed agricultural programs implemented  with support of state
Updated RA Law Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
Armenian Regulator excludes cartel agreement in liquefied gas marketArmenian Regulator excludes cartel agreement in liquefied gas market
Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMDTax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
Armenian Ambassador to the Czech Republic held talks with the  leadership of Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
Agricultural land sales remain high in the regions of ArmeniaAgricultural land sales remain high in the regions of Armenia
Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
Resident of FEZ Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering
The trend of monthly growth in apartment prices in Yerevan continuesThe trend of monthly growth in apartment prices in Yerevan continues
It was a joke: Armenian Minister of Economy on his call to It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 kmArmenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
Armenian authorities will fight against tax Armenian authorities will fight against tax "parasites"
Issues of implementation of a number of investment programs discussed  in the Armenian governmentIssues of implementation of a number of investment programs discussed  in the Armenian government
Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPPBest specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP
Armenia will explore space with Russian partnersArmenia will explore space with Russian partners
Vahan Kerobyan: Armenia`s labor market has set a new recordVahan Kerobyan: Armenia`s labor market has set a new record
Papikyan announces investments in Gyumri in amount of about $ 8.5  millionPapikyan announces investments in Gyumri in amount of about $ 8.5  million
As part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economyAs part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economy
EEC supported  draft roadmap for formation of common market for  organic agricultural productsEEC supported  draft roadmap for formation of common market for  organic agricultural products
For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%
SRC of Armenia reports on the next record in the number of jobsSRC of Armenia reports on the next record in the number of jobs
Electronic system of Electronic system of "single window" in the field of foreign trade  will be launched by the end of 2021
Deputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperationDeputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperation
Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the "European sky"
Life on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 millionLife on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 million
Armenia considers possibility of canceling excise tax for winemakersArmenia considers possibility of canceling excise tax for winemakers
Armenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpointArmenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpoint
Government together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of ArmeniaGovernment together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of Armenia
Nikol Pashinyan visited Nikol Pashinyan visited "Saranist" glass production company and got  acquainted with activities of new brandy factory
The next vector of ANIF activities is to provide support to water and  waste management systemsThe next vector of ANIF activities is to provide support to water and  waste management systems
With formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may ariseWith formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may arise
Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in ArmeniaAmeriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
The largest aviation concern in Europe - Lufthansa enters the  Armenian marketThe largest aviation concern in Europe - Lufthansa enters the  Armenian market
National air carrier to be established in Armenia within the  framework of the agreement with Air ArabiaNational air carrier to be established in Armenia within the  framework of the agreement with Air Arabia
Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%
EU to allocate 600 million euros for the construction of the southern  section of the North-South highwayEU to allocate 600 million euros for the construction of the southern  section of the North-South highway
Read more


Exchange rates
30.07.2021
RUB6.660.10
USD486.243.92
EUR578.338.32
GBP679.239.96
CAD390.846.89
JPY44.380.52
CNY75.270.99
CHF537.169.63


Experts
Economist: Armenian dram reacts to government actionsEconomist: Armenian dram reacts to government actions
Telecom Armenia: New Strategy, New Network and New HorizonsTelecom Armenia: New Strategy, New Network and New Horizons
Armenia`s restaurateurs have hardly recovered, and now they face  tougher taxesArmenia`s restaurateurs have hardly recovered, and now they face  tougher taxes
Read more

Commented
Minister of Economy discussed with the Ambassador of Canada the  possibilities of intensifying cooperation in the financial and  economic fieldsMinister of Economy discussed with the Ambassador of Canada the  possibilities of intensifying cooperation in the financial and  economic fields
Armenian Ministry of Finance predicts budget deficit of 7.4% of GDP  for 2020Armenian Ministry of Finance predicts budget deficit of 7.4% of GDP  for 2020
Central Bank of Armenia announces bank details for donating funds to  the All-Armenian FundCentral Bank of Armenia announces bank details for donating funds to  the All-Armenian Fund
Commercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotelyCommercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotely

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2