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International news

Armenia’s economic dynamism remains strong


According to the World Bank, Armenia’s economic dynamism remains strong, with growth driven by services and recovery of mining․ The WB notes that the growth of economic activity index reached 10.7% in December 2019, compared to the same period of 2018. The Bank also notes that in December 2019 Armenia preserved low inflation rate (0.7% against 2018 December), while it slowed even down in January 2020. The inflation of December was...

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Tax privileges for repatriates expanded in Armenia


Changes initiated by the SRC in the Tax Code of the Republic of Armenia (RA Tax Code) provide for tax benefits for repatriates, namely exemption from  customs duties of their imported property upon return to their  homeland. In addition, a change in the period of permanent stay  abroad was initiated, namely, if earlier, according to the RA Tax  Code, those citizens or natives of Armenia who had not lived in...

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From January 1, 2020, prices in Armenia will increase by 7-10 percent


From January 1, 2020, prices in Armenia will increase by an average of 7-10 percent in connection with the application of common customs duties of the  countries of the Eurasian Economic Union. Mikayel Melkumyan, Chair of  the Standing Committee on Regional and Eurasian Integration of the  National Assembly of the RA, shared the same forecast with a similar  forecast at a press conference in Yerevan on December...

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Armenian parliamentary committee approves ratifying visa-free agreement with China


The Armenian parliamentary standing committee on foreign affairs approved the issue on ratifying the agreement on abolishing the visa regime between Armenia and China. According to the agreement the two countries establish a visa-free regime by which the citizens of Armenia and China will be exempt from visas for up to 90 days within 180...

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Armenia and Singapore to sign bilateral agreement on Services, Trade and Investments


Armenia and Singapore will sign an agreement on “Services, Trade and Investments”, Prime Minister Nikol Pashinyan said at a joint press conference with Prime Minister Lee Hsien Loong in Yerevan. “Representatives of Armenia and Singapore have met several times this year, which has created excellent arena for strengthening various exchanges between our peoples and mutually beneficial cooperation. We are interested in deepening...

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