PM Nikol Pashinyan has unveiled the first draft package of the measures aimed at eliminating the economic consequences due to the COVID19 pandemic. “The goal of this measure is to support the mitigation of risks related to forecast current consumption of individual businesses in Armenia”, he said. Pashinyan said that any resident private commercial organization or entrepreneur (who has been active for at least the past one year in...

According to preliminary  data, the economic growth in Armenia in 2019 formed 7.6%, Armenian Deputy Prime Minister Tigran Avinyan mentioned on his   social networks pages. According to him, this is the highest  indicator  since 2008. According to statistical data, in January-December 2019, the trading  sector with the volume of 3.249 trillion holds leadership in absolute  terms. drams ($ 6.8 billion). In...

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...

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...