It is necessary to change the economic model of the state, Prime Minister Nikol  Pashinyan announced on August 17 at a rally dedicated to 100 days of work of the new government.   According to him, the current corrupt economic model of the economy should give way to an innovative economy. At the same time, everyone in the market will have equal rights. "Today there are already no monopolies in Armenia in the import of bananas and...

The software solution, providing issuance of cash vouchers with an indication of taxpayer ID numbers (TIN), is available on all new generation cash registers.  This was reported by the press service of the State Revenue Committee  (SRC) of Armenia. As the tax authority recalls, according to paragraph 4, part 3, art.  381 of the Tax Code of Armenia, when issuing a cash voucher to a  company representative,...

Minister of Economic Development and Investments of Armenia Artsvik Minasyan met with Executive Vice President of the Overseas Private Investment Corporation (OPIC) under the U.S. Government. About it was informed from the press service of the Ministry of Economic Development and Investments, U.S. Ambassador to Armenia Richard Mills, representatives of some ministries of Armenia and Business Armenia were present at the meeting. “The...

The Board of the Central Bank of Armenia made a decision to keep the refinancing rate unchanged, setting it 6.0% during the August 14 session, the CBA told Armenpress. 1.2% deflation was recorded in July 2018 compared to the 2.6% deflation of July 2017, in case of which the 12-month inflation has increased to some extent, comprising 2.3% by the end of the month. At the same time, the normal inflation has decreased a little in July but still...

Armenia is interested in the assistance of highly qualified consultants in the development of targeted and effective agricultural policies. This, accepting the international consultant of the Food and Agriculture Organization of the United Nations, the former Minister of Agriculture of Serbia Goran Zhivkov, said RA Minister of Agriculture Artur Khachatryan. According to the press service of the RA Ministry of Agriculture, during the meeting,...

Iran’s energy minister Reza Ardakanian announced that Iran has launched talks on the possibility to supply electricity to Russia via the territory of Armenia, TASS reports. “We have launched talks with Armenia on the possibility to supply electricity to Russia”, the minister said. He added that joining the European electric networks is an important task for Iran, stating that Tehran has several options for reaching this goal....