Armenia's Economic Pulse

[HyeSocialist]

Re: Armenia's Economic Pulse

Monopolies in Armenia are legal, deputy head of state revenue committee says

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

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This type of antipathy is descrutive. "Oh yes every one knows we are corrupt but as long as they pay taxes everything is ok right?" Bull sh*t!

[armnuke]

Re: Armenia's Economic Pulse

Armenian PM: Government has done its best to facilitate life of business

YEREVAN. - The Armenian Government has done its best to facilitate the life of business, Armenian PM Hovik Abrahamyan told journalists Saturday.

In his words, everything is done to provide equal conditions for everyone in the customs area. “We will do our best to provide equal conditions in the customs and tax areas. Now I have instructed the Minister of Economy to make a leaflet, which will help the businessmen understand which documents can be demanded from them so that the officials don’t demand additional documents. The Government has adopted a decision through which we have facilitated the life of business, reducing the additional documents and additional time,”he said.

According to Abrahamyan, there is no monopoly in Armenia in terms of law: there is one which has been formed during the economic activity.

“The companies get more powerful and consequently sugar is imported by one company, or other company begins to import a certain product. We have an anti-monopoly committee, which fulfills its function. The latter should pursue this issue and tools should be applied against the business entity, which violates its authorities, through penalties, etc. All the mechanisms are in place, but we must simply pursue their implementation. There are no close markets [in Armenia]: there are products which are imported by one company. Now we propose conditions to enable different companies to import [the same product],”he noted.

http://news.am/eng/news/328425.html

[armnuke]

Re: Armenia's Economic Pulse

^^^LOL Any penny from any country is highly appreciated.

[Shant03]

Re: Armenia's Economic Pulse

Russia to release $1.2 million grant to Armenia

Haykakan would be proud.

[armnuke]

Re: Armenia's Economic Pulse

Economic growth in Armenia in 2016 to be higher than projected in government budget

Economic growth in Armenia in 2016 to be higher than projected in government budget
YEREVAN, May 19. /ARKA/. Economic growth in Armenia in 2016 will be higher than projected in the government budget – it will stand at 3.2%, Vache Gabrielyan, Armenian international economic integration and reforms minister, said Wednesday at a Q&A session in the National Assembly.

In his words, more favorable developments than expected are already seen.

«Taking into account developments in the economy, particularly increase in exports, we think economic growth in Armenia may be higher than the 2.2% projected in the government budget,» he said.
«If we compare indicators of the first quarter and April, we'll see that the export-import ratio has never been so narrow in Armenia, and this shows that the buildup of exports has produced results.”

Economic growth is expected also in 2017, he said, but it is still difficult to point out particular figures.

http://arka.am/en/news/economy/economic_growth_in_armenia_in_2016_to_be_higher_than_projected_in_government_budget/

[armnuke]

Re: Armenia's Economic Pulse

Armenian agriculture's indicators expected to be high this year

YEREVAN, May 19. /ARKA/. Armenian agriculture's indicators are expected to be high this year, Sergo Karapetyan, agriculture minister, said Wednesday in the National Assembly.

«There are all grounds for saying that this year's indicators will be higher than those of the previous year,» he said.

Gross product of Armenia's agriculture and fishery grew 11.5% to AMD 1 030.1 billion in 2015.
The minister said that the spring agricultural campaign, including sоwing and soil fertilizing, has been run properly.

A spring agricultural campaign in Karabakh has successfully been carried out as well, though with a slight delay because of shelling from the Azerbaijani side.

http://arka.am/en/news/economy/armenian_agriculture_s_indicators_expected_to_be_high_this_year/

[armnuke]

Re: Armenia's Economic Pulse

U.S. government to release $1.2 million grant to Armenia

YEREVAN, May 19. /ARKA/. The Armenian government has approved today the release of a US government grant of $1.2 million. The money that will be disbursed via USAID is to be used to boost Armenia's private sector.

The money will be allocated as part of a bilateral agreement to support private sector’s competitiveness and diversification. It was signed in August 2010. A total of $55.1 million has been allocated already.

According to Armenian economy minister Artsvik Minasyan, $900,000 of the grant will be channeled to support regional energy integration program, and $300,000 to finance aviation and tourism programs. -0-

http://arka.am/en/news/economy/u_s_government_to_release_1_2_million_grant_to_armenia/

[Zeytun]

Re: Armenia's Economic Pulse

6% Increase in Armenia's Economic Activity
Seda Hergnyan

https://hetq.am/eng/news/68079/6-increase-in-armenias-economic-activity.html

16:41, May 20, 2016
According to Armenia’s National Statistical Service, the country’s Economic Activity Indicator (EAI) grew by 6% from January-April of this year.
Growth was registered in manufacturing (10%), Services (9.3%) and Agriculture (4.1%), while other sectors experienced losses, notably Construction (-7.4%).

[armnuke]

Re: Armenia's Economic Pulse

The trucks were allowed to enter on Wednesday morning, so they meet Armenian quality standards.
So they were stopped on false claims in the first place. The person that stopped them, is being paid money. He should be arrested and the company paying him money should be prosecuted, that's how you fight corruption.

Absolutely.

[Zeytun]

Re: Armenia's Economic Pulse

Armenian Government Vows ‘Equal Conditions’ For Importers

The government came under fire when it emerged on Tuesday that the Armenian customs service has blocked the import of about 46 metric tons of Russian diesel fuel by a new and relatively small company called Rusarmoil. Heavy trucks carrying it had been held up at Armenia’s main border crossing with Georgia since May 1 on the grounds that the fuel does not meet Armenian quality standards.

The company’s representatives rejected the official explanation, alleging foul play and appealing to Abrahamian and the Russian Embassy in Yerevan for assistance. According to A1plus.am, the Rusarmoil trucks were allowed to cross into Armenia on Wednesday morning.

http://www.azatutyun.am/content/arti...medium=twitter

The trucks were allowed to enter on Wednesday morning, so they meet Armenian quality standards.
So they were stopped on false claims in the first place. The person that stopped them, is being paid money. He should be arrested and the company paying him money should be prosecuted, that's how you fight corruption.