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Armenian government takes another step towards improving business environment

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The government of Armenia is taking another step towards improving the business environment. The amendments to the Law on Licensing were adopted at the October 24 sitting of the National Assembly of the Republic of Armenia in the second and final reading.

The amendments provide for an increase in terms of payments for licenses for business entities. Currently, after a positive decision of the authorized commission, the subjects are given only one working day to make payments for licensing activities. Now, this period is extended by 5 working days. Thus, the subjects will have time to accomplish the task.


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