Armenia's Economic Pulse

[Sukhoi22]

Yerevan public transport system to undergo cardinal changes

YEREVAN, June 23. /ARKA/. In early 2018 Yerevan residents using public transport will, in all likelihood, get rid of minibuses, commonly known as ‘marshrutka’, Karen Chilingaryan, the head of Consumer Advisory Center, said at a press conference on Friday.

"Armenia’s public transport system is the worst among all post-Soviet countries. The only country that compares with us is perhaps Tajikistan. However, some progress seems to have been made and there is hope that the authorities will eventually reform the system," he said.

Chilingaryan noted that a task force at the Yerevan City Hall is considering cardinal reforms in this area, which can be implemented as early as 2018. He said the city administration signed an agreement with the British company WYG International Limited for studying the city’s public transport system and proposing ways to improve it.

"The yesterday regular meeting was about how to eventually get rid of ill-fated marshrutkas, which are not used to transport passengers anywhere else, "he said. According to him, the task force is also looking into introducing a modernized payment system –plastic cards- for transport services. "All vehicles will be equipped with GPS navigation systems, and passengers will be able to track the arrival time of the buses," he added.

http://arka.am/en/news/society/yerevan_public_transport_system_to_undergo_cardinal_changes/

[Sukhoi22]

Armenia to join EU’s Registered Exporter System in 2018

YEREVAN, June 22. /ARKA/. Beginning from 2018 January Armenia will start applying the EU’s Registered Exporter System (REX), the first deputy minister of economic development and investments Garegin Melkonyan said today during a discussion on EU’s GSP+ trade regime. The REX is the system of certification of origin of goods that applies in the Generalized System of Preference (GSP) of the European Union since 1 January 2017.

It is based on a principle of self-certification by economic operators who will make out themselves so-called statements on origin. To be entitled to make out a statement on origin, an economic operator will have to be registered in a database by his competent authorities. The economic operator will become a "registered exporter".

Melkonyan said Armenian exporters who register with the REX system will not need certificates of origin of goods when exporting 6000 euros worth goods to the European Union. Melkonyan added that this system is especially important for small exporters enabling them to save considerably both time and money.

Today’s discussion organized jointly with the European Commission, looked deep into the registration process and the opportunities provided by the REX system, as well as focused on the parameters that local companies must comply with in order to enjoy all these privileges. According to Melkonyan, the GSP + systems allows a larger number of goods for export to the EU - around 6,400.

"As a result, the cost of goods in the EU market will declining, increasing their competitiveness," he said.
He said one of the goals of the event is to raise awareness of the Armenian private sector about preferential terms of trade provided to Armenia by the EU. This, in his opinion, will spur Armenian exports to the EU countries.

The deputy minister also noted the main groups of these goods: metallurgy, textiles, food processing, beverages, and fish products. For these goods, as he explained, there is a zero or close to zero customs duty rates.

Armenia has been enjoying the GSP + system since January 1, 2014. The main condition for using the system is the country's membership in 27 international conventions on human rights, work, nature protection and management.

According to the National Statistical Service, in the first 4 months of 2017 Armenia’s trade with the EU grew by 11.6% to $396.4 million ( 23.5% of the total foreign trade). In 2016, it was worth about $1.218.7 billion (24% of the total foreign trade).

http://arka.am/en/news/business/armenia_to_join_es_s_registered_export_system_in_2018/

[HyeSocialist]

Armenia to join EU’s Registered Exporter System in 2018

YEREVAN, June 22. /ARKA/. Beginning from 2018 January Armenia will start applying the EU’s Registered Exporter System (REX), the first deputy minister of economic development and investments Garegin Melkonyan said today during a discussion on EU’s GSP+ trade regime. The REX is the system of certification of origin of goods that applies in the Generalized System of Preference (GSP) of the European Union since 1 January 2017.

It is based on a principle of self-certification by economic operators who will make out themselves so-called statements on origin. To be entitled to make out a statement on origin, an economic operator will have to be registered in a database by his competent authorities. The economic operator will become a "registered exporter".

Melkonyan said Armenian exporters who register with the REX system will not need certificates of origin of goods when exporting 6000 euros worth goods to the European Union. Melkonyan added that this system is especially important for small exporters enabling them to save considerably both time and money.

Today’s discussion organized jointly with the European Commission, looked deep into the registration process and the opportunities provided by the REX system, as well as focused on the parameters that local companies must comply with in order to enjoy all these privileges. According to Melkonyan, the GSP + systems allows a larger number of goods for export to the EU - around 6,400.

"As a result, the cost of goods in the EU market will declining, increasing their competitiveness," he said.
He said one of the goals of the event is to raise awareness of the Armenian private sector about preferential terms of trade provided to Armenia by the EU. This, in his opinion, will spur Armenian exports to the EU countries.

The deputy minister also noted the main groups of these goods: metallurgy, textiles, food processing, beverages, and fish products. For these goods, as he explained, there is a zero or close to zero customs duty rates.

Armenia has been enjoying the GSP + system since January 1, 2014. The main condition for using the system is the country's membership in 27 international conventions on human rights, work, nature protection and management.

According to the National Statistical Service, in the first 4 months of 2017 Armenia’s trade with the EU grew by 11.6% to $396.4 million ( 23.5% of the total foreign trade). In 2016, it was worth about $1.218.7 billion (24% of the total foreign trade).

http://arka.am/en/news/business/arme...ystem_in_2018/

Verchapes. Armenia can leverage its access in the EEU with free trade in the EU to help boost exports and get people back to work. Once full employment is achieved, our people can slowly raise their living standards to middle income. The per capita GDP in the EU is 30k, and in the EEU is 13k, Armenia is still at $3500! Access to these markets can hopefully lift Armenia to a PPP of $10,000 per person. Not much, but at that stage, you're starting to have a scalable economy.

[londontsi]

.

[londontsi]

.

[londontsi]

.

[londontsi]

[Haykakan]

Prime Minister Karen Karapetyan attended today the official opening of Profpanel company specialized in the production of solar panels.

The Prime Minister was briefed on the programs and development perspectives of the plant.

The plant producing SolrOn solar panels has an annual capacity of 10 MW and provides job to 50 people.

The initial investment amounted to $2 million. The plant intends to supply solar panels to the domestic market and later organize exports to the countries of the region and beyond.

The mini solar station with a capacity of 1.5 KW, which is able to produce about 200 KWh of electricity, will cost $1.5-1.7 thousand.

Having worked in test mode since spring 2017, the company has installed a number of solar stations in residential areas.

https://www.armradio.am/en/2017/06/29/first-solar-panel-producing-plant-opens-in-armenia/

[DieHard69]

Yerevan public transport system to undergo cardinal changes

YEREVAN, June 23. /ARKA/. In early 2018 Yerevan residents using public transport will, in all likelihood, get rid of minibuses, commonly known as ‘marshrutka’, Karen Chilingaryan, the head of Consumer Advisory Center, said at a press conference on Friday.

"Armenia’s public transport system is the worst among all post-Soviet countries. The only country that compares with us is perhaps Tajikistan. However, some progress seems to have been made and there is hope that the authorities will eventually reform the system," he said.

Chilingaryan noted that a task force at the Yerevan City Hall is considering cardinal reforms in this area, which can be implemented as early as 2018. He said the city administration signed an agreement with the British company WYG International Limited for studying the city’s public transport system and proposing ways to improve it.

"The yesterday regular meeting was about how to eventually get rid of ill-fated marshrutkas, which are not used to transport passengers anywhere else, "he said. According to him, the task force is also looking into introducing a modernized payment system –plastic cards- for transport services. "All vehicles will be equipped with GPS navigation systems, and passengers will be able to track the arrival time of the buses," he added.

http://arka.am/en/news/society/yerev...dinal_changes/

When they mean by getting rid of masturka's they mean getting a xxxx load of Hyundai county buses to replace them.

[londontsi]

When they mean by getting rid of masturka's they mean getting a xxxx load of Hyundai county buses to replace them.

What happened to the 100 busses China donated to Yerevan.

The last response from the authorities was that they are in store. Excuse , they cannot recruit drivers !!!

.