ArmInfo. The head of the State Revenue Committee of Armenia, Rustam Badasyan, acknowledged the  existence of problems associated with ensuring the tax collection indicators recorded in the state budget. Finance Minister Vahe Hovhannisyan, in turn, did not rule out budget sequestration.

ArmInfo.Due to fears of harming representatives of small and medium- sized businesses, the Armenian  authorities decided not to follow the path of eliminating the turnover tax system, but to "motivate" businesses to voluntarily transition to the general tax field. This was stated by the head of the Ministry of Finance Vahe Hovhannisyan on May 31 in parliament, commenting on the double increase in the turnover tax rate initiated  by the Cabinet.

ArmInfo. In Armenia, the non-taxable value added tax threshold of 115 million drams is high, even in comparison with European countries, said the head of the State Revenue Committee, Rustam Badasyan, on May 31 in parliament at the preliminary hearing of the annual report "On the execution of the State Budget of the Republic of Armenia for 2023".

ArmInfo.The expenses of the State Revenue Committee of Armenia in 2023 were 35% higher than the actual  expenses of the department for 2022 in the amount of 28.3 billion drams. This was stated by the head of the Ministry of Finance Vahe Hovhannisyan on May 31 in parliament at the preliminary hearing of the annual report "On the execution of the State Budget of the Republic of Armenia for 2023". The head of the State Revenue  Committee, Rustam Badasyan, in turn, noted that the department he heads has exceeded the targets planned for 2023.

ArmInfo.On June 1, to mark the International Day for Protection of Children, AraratBank is implementing another program within its social responsibility framework. The Bank will donate children's prayer books to beneficiary children of the City of Smile Foundation.

ArmInfo.For the first time in Armenia, it is now possible to receive instant money transfers via SBP to easywallet accounts from 190 Russian banks—Tinkoff, Sberbank, VTB Bank, Gazprombank, Alfa-Bank, and many more. Transfers are made with a 0% commission. 

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ArmInfo. The section damaged as a result of severe flooding on the 58th kilometer of the M-6  interstate highway from Haghpat to Alaverdi is now passable. The Road  Department Foundation reports.

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ArmInfo. Armenia supported the largest-ever operation of several European countries to combat the  spread of malicious software. The operation resulted in the arrest of  four people and the shutdown of more than 100 servers, reports the  European Police Agency (Europol).

ArmInfo. The Civil Aviation Committee of Armenia has officially joined the Joint Authorities for Rulemaking on Unmanned Systems (JARUS). This was reported by th Civil Aviation Committee's press service, citing the results of the JARUS plenary meeting, which took place in Kazakhstan.

ArmInfo. The "Libra Group" company is ready to implement a number of programs in Armenia, George  Logothetis, the president of the company, stated on May 30 during a  meeting with Prime Minister of the Republic of Armenia Nikol  Pashinyan.

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ArmInfo. In January-April 2024, RA state budget expenditures increased by 31.9% or 197.4 billion drams -  up to 817 billion drams. The indicator increased mainly due to an  increase in payments on interest rates, pensions and social benefits.

ArmInfo. The RA Ministry of Finance intends to discuss the department's priorities with the Ministry of  Health and make certain changes in health care costs. This was stated  by Minister  of Finance Vahe Hovhannisyan on May 30 in parliament at  the preliminary hearing of the report on the implementation of the  budget for 2023.

ArmInfo. The formation of the Eurasian Economic Union (EAEU) contributes to the establishment of  systemic economic cooperation between its member states that have  historically established trade, economic and cooperation ties.

ArmInfo.EFES Insurance Company continues its activities by concluding significant international contracts that made international medical achievements financially and technologically available for our population.

ArmInfo. Law-abiding entrepreneurs engaged in foreign economic activity will receive a  number of benefits when transporting goods across the state borders of the country.  The decision on this was made at a meeting of the RA government on May 30.

ArmInfo. The Entrepreneurship and Productive Innovation Center (EPIC) at the American University of  Armenia (AUA) as the National Organizer of the Entrepreneurship World Cup (EWC) in Armenia congratulates the three startups that became the EWC Armenia 2024 National Winners. These startups advance to the  global competition to represent Armenia.  

ArmInfo.The regular session of the Eurasian Economic Commission Council is underway in Moscow,  chaired by Deputy Prime Minister Mher Grigoryan, The press service of the RA government reports.