ArmInfo. The Gini ratio, a statistical indicator of the degree of social stratification based on consumption, puts Armenia at a moderate level of inequality, the WB  report "Unequal opportunities in the South Caucasus" says.

ArmInfo. The fight against corruption, the elimination of monopolies and the formation of an equal competitive field were on the agenda until the April revolution  in Armenia, but only in the form of measures. The chairman of the  Union of Industrialists and Entrepreneurs of Armenia Arsen Ghazaryan  said this at a meeting with the representative of the World Bank  Sarah Nyman.

ArmInfo. The issues of developing a competitive environment and ensuring fair competition in the market were the subject of discussions between the Minister of Economic  Development and Investments of Armenia Artsvik Minasyan and  representatives of the World Bank.

ArmInfo. The introduction of  a flat scale of taxation of salaries in Armenia will allow legalizing  shadow incomes and seriously stimulating economic growth. Prime  Minister of the Republic of Armenia Nikol Pashinyan stated this on  his September 6 page on the Fesbukov page, presenting in the video  the two scenarios of changes in the income tax, profit tax and  dividend tax.  "I believe that it is necessary to continue to reduce  the income tax in the future.The government is ready to commit itself  in the coming years to reduce the flat scale of taxation by at least  0.5% per year in order to reach a 20% threshold in 5 years. , this is  a very good prospect in terms of a serious impetus to the development  of the economy, " - N.Pashinyan noted.

ArmInfo. The World Bank (WB)  and the RA Ministry of Agriculture are considering the possibility of  holding this October competition of digital innovations to solve  problems in the agricultural sector of Armenia, in particular,  related to consulting, risk management, forecasting the volume of  crops, irrigation of lands, etc.

ArmInfo. Minister of Economic Development and Investments of Armenia Artsvik Minasyan received a delegation of the World Bank Group (WB), headed by the head of the mission on financial sector assessment Isfandyar Zaman Khan on July 6.

ArmInfo. "The news on the launch of Swissquote Bank in Armenia will spread rapidly across Switzerland, and I believe  the interest of Swiss investors in the Armenian arket will raise, which will have a snowball effect," Ambassador Extraordinary and Plenipotentiary of Switzerland to Armenia Lukas Gasser told journalists on July 2.  He stressed that this will improve the already warm relations with Armenian partners. "Armenia is a favorable country for the financial services sector, and recently we have implemented many investments in the Armenian economy, and are pleased with the process," the Ambassador noted. Moreover, the investment activity of Swiss entrepreneurs in Armenia, according to L.Gasser, is developing not only in the financial sector, but also in pharmaceuticals, watch production, etc. "The entrance of Swissquote Bank in the Armenian market will further deepen our cooperation," he concluded.

ArmInfo. Director of the Foundation for Development of Legislation and Legal Studies of the RA Ministry of Justice Tigran Markosyan held a meeting with the World Bank (WB) finance specialist Nina Mocheva. Within the framework of  this meeting, the parties discussed a number of issues related to  bankruptcy, debt management, changes in legislation, problems arising  in practical application, and protection of debtors' rights.

ArmInfo. On this eve during a meeting with Prime Minister of Armenia Nikol Pashinyan,, the regional director of the WB for the countries of the South Caucasus Mercy Tembon said the World Bank is ready to support the implementation of government programs and the development of key sectors of Armenia's economy.

ArmInfo.If the transfer to the funded pension system in Armenia is not implemented, the burden on the state budget will increase, which in future is fraught with increased taxes. The head of Research Center "Alternative", economist Tatul Manaseryan expressed opinion on June 26 at the press  conference.

ArmInfo. Tashir Group of Companies will reduce electricity tariff for low-income sections of population starting from July 1.

ArmInfo. According to the updated forecast of the Central Bank of Armenia, the unemployment  rate in 2018 will be 17.1%, with an annual decline in the medium term by 0.3%, against the previously projected 17%, followed by an annual decline of 0.3-0.5%.

ArmInfo. Since October 1, the World Bank introduces new socio- economic standards (SES) in all countries where it has representative offices. WB expert in the field  of ecology Agnes Kiss stated during a presentation on "Protection of  people and environmental protection in the implementation of  investment projects" on June 8.

ArmInfo. The World Bank improved the forecast for GDP growth in Armenia in 2018 to 4.1% against the previously projected 3.8%. As noted in the WB's May report on the economy of Europe and Central Asia, in 2019 the forecast for GDP growth in Armenia did not change - 4%.

ArmInfo. Minister of Finance Atom Janjughazian and head of WB Armenian office Sylvie Bossoutrot expressed readiness to contribute to the development of further long- term effective cooperation. This was announced during today's visit of the WB delegation to the RA Ministry of Finance.

ArmInfo. The launch of the first solar power plant of industrial importance "Masrik-1" opens a new market for Armenia. Due to this experience, perception of Armenia will be improved by the investors on the possibilities of solar energy industrial scale. This is stated in the message of the World Bank (WB), received in ArmInfo.

ArmInfo. President of Armenia Armen Sarkissian on May 7 received a group of former workers of Nairit chemical plant, holding protests in front of his residency. As the participants of the protests noted, during the meeting with the President they, once again, referred to the need to restart chemical plant.

ArmInfo. Ministry of Agriculture of Armenia disproves the existence of corruption risks in the process of  implementation of the state program for the purchase of agricultural machinery in leasing. This was stated by the head of the department Ignaty Arakelyan at a meeting with journalists, commenting on information about abuses in the framework of the state program.

ArmInfo. Ministry of Agriculture of Armenia disproves the existence of corruption risks in the process of  implementation of the state program for the purchase of agricultural machinery in leasing. This was stated by the head of the department Ignaty Arakelyan at a meeting with journalists, commenting on information about abuses in the framework of the state program.

ArmInfo. The staff of the apparatus of the International Monetary Fund (IMF), headed by the head of the IMF mission to Armenia Hossein Samiye, visited Armenia on March 14-28 with the purpose of holding preliminary discussions on a new program of cooperation.  According to the information of the press-service of IMF  Armenian office, the  International Monetary Fund (IMF) staff team led by Mr. Hossein Samiei visited Yerevan during March 14-28 to conduct initial discussions on a possible new IMF arrangement with Armenia. At the conclusion of the visit, Mr. Samiei issued the following statement: