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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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Putin ratifies interim agreement between EAEU and Iran


Russian President Vladimir Putin has ratified the interim agreement on creating a free trade zone between the Eurasian Economic Union and Iran, ARMENPRESS reports, citing “Ria Novosti”. The agreement signed on May 17 in Astana during an economic forum is about a 3-year term. According to the agreement, the parties undertake to start talks on a full free trade agreement no later than a year after the entry into force of...

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Merkel noted the role of the G20 in solving the problems of the global economy


The G20 format is successfully working on important issues of the world economy and development, said German Chancellor Angela Merkel. "Since the founding of this format, we have shown that together we can better solve the problems of the world economy and development," the chancellor said in a video message, traditionally posted on Saturday on the website of the country's government. "Germany has benefited from international trade," Merkel...

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