RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 

 Thursday, April 25 2024 17:57:00
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 

ArmInfo.The Armenian government has decided to return to the initial route of laying the Armenia-Georgia power line with the construction of an electrical substation near the village of Ddmashen. Previously, the issue of making changes to the project and, instead of the Ddmashen substation, to build a similar station at the Hrazdan Thermal Power Plant with the connection of the American General Electric and Chinese companies was discussed.

Threshold for duty-free online trade to be lowered from Apr 1 
 Friday, March 29 2024 15:17

ArmInfo. From April 1, 2024, the threshold for duty-free import of goods in Armenia will be lowered to  200 euros (about 85 thousand drams) against the current 200 thousand drams, reports the press service of the State Revenue Committee of the Republic of Armenia.

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Outflow of Russian capital could affect Armenia`s economy
 Friday, March 29 2024 15:12

ArmInfo.The Union of Manufacturers and Businessmen of Armenia (UMBA) hosted a discussion  on economic development trends in Armenia. 

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Armenia, Korea ready to deepen economic cooperation 
 Friday, March 29 2024 13:01

ArmInfo.Armenia and Korea are ready to deepen economic cooperation by implementing new programmes,  the RA Ministry of Economy reports referring to a meeting between Armenia's Minister of Economy Gevorg Papoyan and  Mr Chung Byung-won, Deputy Foreign Minister For Political Affairs of Korea.

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At request of Belarusian partners, Armenian inspectors to check  Ararat Brandy Factory products 
 Thursday, March 28 2024 17:54

ArmInfo. The food safety inspection body of the Republic of Armenia will carry out supervisory  measures at the Ararat Brandy Factory LLC, in connection with a letter received from the Ministry of Health of Belarus, which states that violations of the requirements of the EAEU technical regulations  have been identified in the products produced by the enterprise.

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Syunik governor not familiar with details of residential house  construction project in Shurnukh
 Thursday, March 28 2024 14:27

ArmInfo. Governor of Syunik region Robert Ghukasyan is not familiar with the details of the  residential house construction project in Shurnukh village (Goris community), where in 2021, more than 10 families were deprived of their housing, which came under the control of Azerbaijan. He stated  on March 28 during a briefing with journalists.

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Water tariff to not change in Armenia in 2024 at expense of subsidies  from state treasury
 Thursday, March 28 2024 14:18

ArmInfo.The Armenian authorities will compensate for the increase in water tariffs in 2024 at the expense of the state treasury. O On March 28, the Cabinet of Ministers approved the decision to allocate AMD 1.1 billion to Veolia Djur, the unified water supply operator in Armenia (as was done in 2023), which will allow the tariff to remain at the same level.

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Armenia to take out EUR 92.3mln from WB to cover budget deficit  
 Thursday, March 28 2024 13:52

ArmInfo. The World Bank will provide Armenia with a loan of 92.3 million euros and a grant of 16  million euros to finance the budget deficit. The resolution was approved at a government meeting on March 28.

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Armenia, Kazakhstan to establish joint business club  
 Thursday, March 28 2024 13:42

ArmInfo.Armenia and Kazakhstan agreed to create a joint business club following a meeting  of the business delegation of the Astana Diplomatic Club with members of the Union of Industrialists and Entrepreneurs of Armenia. 

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Bolat Imanbayev: Armenia-Kazakhstan trade and economic relations are  developing dynamically; nevertheless, they do not reflect  countries`  full economic potential
 Wednesday, March 27 2024 21:22

ArmInfo.Trade and economic relations are developing dynamically in both bilateral and  multilateral formats, which is significantly facilitated by contacts at the highest level. Ambassador of Kazakhstan to Armenia Bolat Imanbayev stated during the Armenia- Kazakhstan Business Forum.

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Kazakhstan offers Armenia to consider new alternative logistics route
 Wednesday, March 27 2024 17:35

ArmInfo. We want to offer Armenia an alternative logistics route that will significantly reduce  time costs for cargo carriers and which has a competitive price.  President of the "Astana" Diplomatic Club Kaiyrbolat Sakhmetov said in a conversation with an ArmInfo correspondent Within the framework  of the meeting of the business delegation of Kazakhstan with the members of the  Union of Manufacturers and Businessmen of Armenia (UMBA).

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Dependence of Armenia`s economic activity on jewelry industry could  cause problems - Luys Foundation
 Wednesday, March 27 2024 13:49

ArmInfo.The sharp acceleration in the growth of economic activity in February of this year in Armenia is due to a short-term factor, reads a report by the Luys Foundation, whose experts analyzed the data of the RA Statistical Committee for January-February 2024.

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Deputy Minister of Economy: Armenia-Russia cooperation potential may  be realized through cooperation projects in production sector
 Tuesday, March 26 2024 18:36

ArmInfo.There is great cooperation potential between Armenia and Russia, which can be  realized through cooperation projects in the production sector. 

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Who will be beneficiaries of tax amnesty in Armenia
 Tuesday, March 26 2024 15:18

ArmInfo.The grounds for terminating tax obligations have been revised in Armenia. In  connection with the changes, the tax authority will initiate the process of terminating tax obligations on these grounds.

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Belarus bans import of Ararat Brandy Company products 
 Tuesday, March 26 2024 11:41

ArmInfo. Belarus has banned the import of products from the Ararat Brandy Factory, The Kommersant  newspaper reported with reference to the relevant resolution of the Deputy Minister of Health, Chief Sanitary Doctor of the Republic of Belarus Alexander Tarasenko.

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99.8% defense budget performance in 2023
 Monday, March 25 2024 12:32

ArmInfo. Armenia's defense budget totaled AMD 526.047bln in 2023, RA Minister of Defense Suren  Papikyan stated on March 25 at a meeting of the commission on defense and security of the National Assembly of the Republic of Armenia, presenting a report on the implementation by the defense department  of the RA government program for 2021-2026 in 2023.

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AFD delegation presented with details of Vedi reservoir construction  and irrigation network modernization project
 Saturday, March 23 2024 11:08

ArmInfo. It is very important to institutionally strengthen and increase the capacity of water supply and sanitation services in rural settlements of Armenia.  Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia Vache Terteryan stated during a meeting with a delegation headed by Director of French Development Agency's (AFD) regional office in the South Caucasus Fanny Delpey. 

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DPM: we need not only quantitative increase, but also qualitative  changes in urban development field 
 Saturday, March 23 2024 11:04

ArmInfo.RA Deputy Prime Minister Tigran Khachatryan introduced the newly appointed chairman  of the Urban Development Committee Yeghiazar Vardanyan to the staff of the Committee, the Government's press service reports.

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Switzerland launches SIGMA program with total budget of CHF 12  million 
 Friday, March 22 2024 20:39

ArmInfo.Switzerland announced the launch of the "Sustainable and Inclusive Growth in Mountainous  Armenia" (SIGMA) Program with a total budget of CHF12 million.  The program aims to reduce poverty in the mountain villages of Shirak, Lori, Tavush and Gegharkunik regions of Armenia through the application of inclusive, innovative and environmentally friendly approaches in agriculture and agritourism.

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Armenia`s State Revenue Committee launches e-system of income  statement presentation  
 Friday, March 22 2024 11:38

ArmInfo. The State Revenue Committee (SRC) of Armenia has launched a unified system of  electronic services for individuals, which is available in the web version:  https://self-portal.taxservice.am/. Through the system, citizens can submit an income tax return.

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Armenia`s ranking in Index of Economic Freedom decreased by 0.2 pp  over year
 Friday, March 22 2024 10:02

ArmInfo.Armenia's ranking decreased by 0.2 percentage points over the year in the Index of Economic Freedom by The Heritage Foundation and The Wall Street Journal.

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