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The Armenian government summed up the socio-economic results of September 2019

03.10.2019

The Armenian government summed up the socio-economic results of September 2019. Thus, according to information posted on the official page of the  Government of the Republic of Armenia on the Facebook social network,  in September of this year Armenia successfully placed 10-year  Eurobonds worth $ 500 million with a yield of 4.2%, which is 2.05  percentage points lower than the first issue of Eurobonds. Since September...

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Direct investment growth pace accelerates, says Armenian cenbank

01.10.2019

Direct investments in Armenia grew 2,8% in Q3 of 2019 against last year’s same period and 1,8% against Q2, totaling 696,3 million dollars, the Central Bank of Armenia said in a report. Despite the drop in direct investments in the last quarters of 2018, the pace of growth of investments started to be restored in the first two quarters of 2019. Portfolio investments in Q2 have also increased against Q2 of 2018, particularly by 52%...

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Armenia and Singapore to sign bilateral agreement on Services, Trade and Investments

30.09.2019

Armenia and Singapore will sign an agreement on “Services, Trade and Investments”, Prime Minister Nikol Pashinyan said at a joint press conference with Prime Minister Lee Hsien Loong in Yerevan. “Representatives of Armenia and Singapore have met several times this year, which has created excellent arena for strengthening various exchanges between our peoples and mutually beneficial cooperation. We are interested in deepening...

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WHAT A LEGAL PERSON SHOULD KNOW WHEN IMPORTING A CAR FROM A NON EAEU COUNTRY TO ARMENIA

23.09.2019

The rates of customs duty for cars imported from a non-EAEU state to the territory of EAEU by legal entities will change starting January 1, 2020. The calculation of customs duty depends on the customs value, year of manufacture and engine swept volume of cars. The procedure is carried out according to the rate set by Decision No 54 of 16.07.2012 of the EEC board (as per the relevant codes of the Commodity Nomenclature of FEA), whereas VAT rate...

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Armenia is visible on the investment map of the world

23.09.2019

Armenia has become visible on the investment map of the world. This opinion was expressed by Matteo Patrone, Program Coordinator of the European Bank  for Reconstruction and Development (EBRD) in the Eastern Europe and  the Caucasus region, answering a question from ArmInfo correspondent  during a briefing on the opening of the first unit investment fund in  Armenia, Amber Capital, on September 20, he said. At the...

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VAT debit return bill passes first hearing in parliament

20.09.2019

The Armenian parliament approved at first hearing the bill on returning more than 56 billion drams in VAT debit balances to businesses. The bill was adopted with 92 votes in favor. The bill envisages applying the VAT return norm on all VAT debit amounts without differentiating old and new ones. The old debit amounts which are subject to return total 56 billion drams and the state has such obligation to nearly 2835 businesses. 2571 of these are...

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Water tariff in Armenia will not increase in the next 2 years

19.09.2019

The single operator of water supply in Armenia - "Veolia Djur" company applied to the Public Services Regulatory Commission (PSRC) to revise the current  tariff for drinking water from the current 180 drams per 1 cubic  meter up to 181.8 drams (including VAT). As the head of PSRC Garegin  Baghramyan assured an ArmInfo correspondent, despite the availability  of the application, the tariff will remain unchanged both...

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