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Small and medium-sized businesses need serious support, and the government will take the appropriate steps

29.06.2018

Small and medium-sized businesses need serious support, and the Armenian government will take appropriate steps in this direction. Armenian Prime Minister Nikol Pashinyan stated this at the meeting on June 28 during the discussion of the bill on introducing amendments to the law "On trade and services". According to him, this project should be considered in support of small and medium-sized enterprises. The bill, in particular, determines that...

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Prime Minister of Slovakia called anti-Russian sanctions senseless

27.06.2018

Premier of Slovakia Peter Pellegrini called EU sanctions against Russia senseless. "Slovakia has long stressed that sanctions did not bring any positive effect," he said during a speech at the Parliamentary Assembly of the Council of Europe. According to him, the political and economic relations between Moscow and Brussels only deteriorated. "Some companies have lost their markets because they are not in a position to trade more with...

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Central Bank maintains 6,0% refinancing rate

27.06.2018

The Central Bank Council has decided to keep the refinancing rate unchanged – 6.0%. The Central Bank said that a 1,0% deflation was recorded in May of 2018 – against the previous year’s 0,2%, during which the 12-months inflation continued to drop – amounting 1,6% at the end of the month. At the same time, normal inflation was also lower than CB expectations. The CB said that economic activity in the second quarter of...

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In 2017 the turnover of SMEs in Armenia increased by 14.2% - up to 1 920.3 billion AMD or 34.4% of GDP

26.06.2018

The turnover of SMEs in Armenia in 2017 increased by 14.2% to 1920.3 billion drams or 34.4% of GDP. This is stated in the annual study of the office of business support, financed by the EBRD - "The role of SMEs in the economy of Armenia". According to the source, in the structure of active taxpayers, the share of SMEs is 77% or 82 209 companies. At the same time, the share of active taxpayers in the general list of taxpayers...

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Head of Energy Ministry and USAID representative discussed new models of liberalization and electricity market of Armenia

26.06.2018

The Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia, Artur Grigoryan, on June 25 received the Acting Director of the Mission of the USAID, the Director of the Sustainable Development Office Laila Andrews Bachan. According to the press service of the Ministry, Grigoryan thanked the  USAID for the successive assistance to the energy sector of Armenia.  He expressed hope that...

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25.06.2018

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25.06.2018

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