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Economic news

Armenia’s economic activity rate increased continuously compared to 2017


Armenia’s economic activity rate increased by 6% in the first ten months of 2018 against the same period of 2017, according to the data of the National Statistical Committee. In particular, the economic activity index increased by 11.6% in January 2018 compared to January 2017. In February 2018 the figure rose by 8.8%, in March - 10.9% and April – 7.1%. In June the economic activity rate increased by 9.8%, and in July by 11.1%. The...

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Integration will become irreversible if citizens of the EAEU countries see concrete results


Armenia's membership in the Eurasian Economic Union is one of the priorities of the Armenian government. Trade and economic cooperation with the countries of the EEU are becoming one of the most important positive factors that affect the growth potential of the economy and foreign trade. The Acting Prime Minister of Armenia Nikol Pashinyan stated this on December 6 at a meeting of the Supreme Council of the EAEU  countries in St....

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Starting from Jan 1, 2020, a new micro-business taxation system will be introduced in Armenia


Starting from January 1, 2020, a new micro-business taxation system will be introduced in Armenia. At the same time, the republic will abandon two alternative tax systems - self-employed and family entrepreneurship. Armenian Deputy Minister of Finance Arman Poghosyan told reporters on December 4 at a press conference. According to him, at this stage, there are 5 alternative taxation systems in Armenia - self-employed, family...

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Armenian Ministry of Agriculture is studying market for food products in order to exclude mutually exclusive talk about price increases


The Ministry of Agriculture of Armenia studies the market for food products, which have a large volume of consumption and are of interest, in order to avoid mutually exclusive talk about price increases. About this  November 29 in an interview with journalists, said the acting.  Minister of Agriculture of Armenia Gegham Gevorgyan, answering the  question of whether potatoes can rise in price in the winter due to the...

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Armenian parliament adopted budget for 2019


The Armenian Parliament adopted the budget for 2019. 66 MPs voted for the document, 4 MPs voted against,  2 abstained. Two deputy speakers from the Republican Party, Eduard Sharmazanov and Arpine Hovhannisyan, as well as deputy chairman of the Republican Party of Armenia, head of the foreign affairs committee Armen Ashotyan, voted against the document. In general, the RPA faction voted for the document. The project was also supported...

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