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Eurasian Week International Forum kicks off in Yerevan, Armenia


The Eurasian Week International Forum kicked off in Yerevan on October 22. Before the launch of the plenary session, acting Prime Minister of Armenia Nikol Pashinyan, Chairman of the Board of the Eurasian Economic Commission (EEC) Tigran Sargsyan, other high-ranking officials, and guests toured the pavilions, got acquainted with the capacities and programs of the participating companies. The exhibition part includes companies of the EAEU...

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Armenia ranked 70 in Global Competitiveness Index


In the Global Competitiveness Index (2018) of the World Economic Forum (WEF), the Republic of Armenia ranked 70th. On October 17 of this year, the World Economic Forum published the Annual Report on the Global Competitiveness Index 2018. According to the results of the 2018 rating, Armenia ranked 70th with an average score of 59.9. In particular, of the 12 factors of competitiveness, the improvement occurred due to eleven...

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Microbusiness in Armenia may be exempted from all types of taxes


Acting Armenian Prime Minister Nikol Pashinyan visited on October 17 a charity fair-exhibition of Syrian-Armenian works "Breath of Syrian-Armenian  Culture in Yerevan" on North Avenue. He was accompanied by Minister of Diaspora of Armenia Mkhitar Hayrapetyan. One of the fair participants turned to Pashinyan with a request to exempt start-up entrepreneurs from taxes.  According to him, it is necessary at least at the start -...

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Armenian government may not have time to reduce income tax by January 1, 2019


Changes in the Tax Code of Armenia, in particular, in the area of income tax, can occur not from January 1, as previously planned by the government, but for example, from May 1 or June 1 of next year. This was stated on October 16 by the Chairman of the State Revenue Committee (CGD) of Armenia David Ananyan, commenting on ArmInfo on the prospect of tax changes in the light of the expected dissolution of the legislative body...

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Just days after La Francophonie Economic Forum, French company eyes building resort in Armenia


A French company is willing to make investments in Armenia, deputy minister of economic development and investments Mane Adamyan said on Facebook. “We begin to talk about the results,” she said, referring to the Economic Forum which was held as part of the XVII Summit of La Francophonie in Yerevan, Armenia. “The French Poma company wants to build a new skiing resort in Armenia. Poma is among the largest companies of the...

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Velvet revolution in Armenia cannot be considered successful without a revolution in the economy


The velvet revolution in Armenia will not have a price without revolutionary economic transformations. This was stated on October 10 by Prime Minister  Nikol Pashinyan, speaking at the closing of the business forum of the  International Organization of Francophone in Yerevan. According to Pashinyan, the velvet revolution in Armenia was not a  purely political, but a revolution of values. "Ultimately, this revolution...

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US to increase the volume of financial assistance to Armenia to $ 26 million


The United States of America will increase the volume of assistance to Armenia. This was stated on October 9 by the US Ambassador to Armenia Richard  Mills. As the press service of the US embassy in Yerevan reports, the United  States of America increased $ 14 million in financial assistance to  Armenia within the framework of foreign aid, and the United States intends to provide more than $ 26 million to Armenia over...

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