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Economic news

01.02.2020

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Armenia raises baby bonuses, child benefits

10.01.2020

The Government of Armenia has raised the amounts of baby bonuses and child benefits with the purpose of improving the demographic situation. Under previous regulations, the baby bonus for the first child was 50,000 drams, and 150,000 drams for the second child. By the new amendments, the baby bonus for both the first and second child will be 300,000 drams. The decision will come into effect from July 2020. The Cabinet also approved another...

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13.12.2019

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06.12.2019

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In the near future, a new domestic one will appear on the Armenian air transportation market Airline

04.12.2019

In the near future, a new domestic airline will appear on the Armenian air  transportation market. On December 3, Tatevik Revazyan, Chairman of  the Civil Aviation Committee of the Republic of Armenia, informed the  RA National Assembly about this. According to her, the airline submitted an application for its  registration with the RA Civil Aviation Committee. According to the  airline's business plan, flights...

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Armenian National Assembly Commission Approved Bill on Catering Facilities in Regions

28.11.2019

The NA Standing Committee on Economic Affairs in the second reading approved the draft law submitted by the Enlightened Armenia faction, which is proposed to consider as objects of microenterprises not exceeding the threshold of 24 million drams of turnover in public catering in the regions, and provide them with the opportunity to use the stipulated tax...

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Parliament approves 23,6% raise of minimum wage

19.11.2019

100 Members of Parliament voted in favor of a bill on raising the monthly minimum wage from 55,000 drams to 68,000 drams in Armenia. The bill was authored by ruling My Step bloc MPs Varazdat Karapetyan, Babken Tunyan and Narek Zeynalyan. Initially the MPs had proposed to raise the minimum wage to 63000, but subsequent discussions in the Cabinet led to the government suggesting a higher increase – 68000. The move will raise the salaries...

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