The 15th meeting of the CIS Council for Rail Transport (CRT) Passenger Commission will be held in Yerevan, Armenia, on March 4-6, 2015, the South Caucasus Railway CJSC press-office told ArmInfo.
Brandy export from Armenia reduced to 18,096 mln liters in 2014 versus 18,305 mln liters in 2013, chairman of the Union of Armenian wine makers, Avag Harutyunyan, said at today's press-conference.
Armenia imported 9,2 million liters of vodka versus 8.4 million liters in 2013 overwhelmingly from Russia. This is a record-breaking indicator, says Avag Haroutiunyan, Head of the Union of Armenian Winemakers.
On February 26, 2015, the Iraqi Airways will make the first Baghdad-Yerevan-Erbil flight, Ruben Grdzelyan, Spokesperson for the Chief Civil Aviation Department of Armenia, told ArmInfo. The flight is available on Thursdays and Sundays by CRJ900 Ё Boeing 737. The first flight will bring to Armenia the members of the Iraq Government and the heads of 50 travel agencies.
Armenia is negotiating with Russia to maintain the gas tariff, Robert Nazaryan, Head of the Public Services Regulatory Committee (PSRC) said in the Parliament, on Wednesday.
ArmInfo’s interview with Advisor for Economy Minister of Armenia Arthur Ashughyan
At today's session of the Armenian Parliament, MP from the Armenian National Congress faction, ex-Prime Minister Hrant Bagratyan strongly criticized the policy of the Armenian Central Bank, which made a decision on Dec 30 2014 to tighten the minimum total capital standard for commercial banks to 30 bln AMD (versus the current 5 bln AMD) starting from 1 Jan 2017. Bagratyan believes that the CB's steps hinder the SME development.
The average nominal salary in Armenia is expected to grow by 6.2% in 2015, with the growth rates slowing down to 5.0% in 2016-2017, the Central Bank of Armenia (CBA) says in its monetary policy program for Q1 2015.
Russia will supply 2 billion cu m of gas to Armenia in 2015, Deputy Minister of Energy and Natural Resources of Armenia Iosif Isayan said in an interview with ArmInfo.
The Government of Armenia suggests reducing the profit tax from 20% to 2% for large exporters, Deputy Finance Minister Vakhtang Mirumyan said when presenting the draft amendments to the Law on Profit Tax. The National Assembly adopted the document in the first reading.
The Customs Service of Armenia reports that 2.120mln liters worth $6.3mln were imported in 2014 against 1.4mln liters worth $4.2mln in 2013. The wine is exported mostly to the CIS.
Armenian fish products are uncompetitive on the Russian market and the republic's participation in the Eurasian Economic Union does not solve this problem, Artur Atoyan, Head of the Union of Fish Breeders of Armenia, told media on Monday.
On Feb 12, the Government of Armenia approved the program on state support for tourism development for 2015. The budget of the program is 188 mln AMD (nearly $390 thsd at the current exchange rate). The number of visitors to Armenia is expected to rise by 10% over year. Armenian Economy Minister Karen Chshmarityan presented the program.
South Caucasus Railway CJSC is the 27th on the list of the 1000 largest taxpayers of Armenia in 2014 (up 4 by positions versus 2013).
The 2nd South Caucasus Infrastructure & New Energy Investment Summit kicked off in Tbilisi on Feb 5. The event is being attended by delegations from all over the CIS. Armenia is represented by the South Caucasus Railway.
1,700 employees of Nairit Plant were fired on Feb 6. A total of 478 employees remain at the Plant now, Anush Harutyunyan, Spokesperson for Nairit Plant, has told ArmInfo's correspondent.
The Armenian Government is trying to get back the Nairit Plant, whose owner, Rhainoville Property Limited, has failed to meet its investment obligations, Armenia's Energy and Natural Resources Minister Yervand Zakharyan told MPs on Wednesday.
Carrefour will open in Yerevan probably in early March, French Ambassador to Armenia Jean-Francois Charpentier told reporters, Wednesday. Asked about the assortment of the goods that will be available at the hypermarket, the diplomat recommended addressing the given question to the competent representatives of the retailer. The ambassador said Carrefour cooperates with local producers in every country. I think, such an approach cannot but influence the consumer-producer relations, the diplomat said.
Armenian Copper Programme (ACP) cut production of unrefined copper 9% in 2014 to 9,802 tons versus 10,771 tons for in 2013, the ACP press-service told ArmInfo.
Gazprom Armenia CJSC retains leadership on the list of the largest taxpayers of Armenia in 2014. The company paid 42.8 bln AMD in taxes.
He assures that by means of this law Armenia's authorities are trying to involve the shadow large enterprises in the tax field. He says that the large enterprises and the importers sell their products via the SMEs. Consequently, the document flow of the SMEs will allow controlling the large enterprises. "It is hard to believe that the annual turnover of 34 thsd out of 42 thsd enterprises is less than 3-4 mln USD. If we divide that turnover by 365 days, their daily proceeds total 10-8 thsd AMD.
Government of Armenia has fulfilled all the demands of salespersons concerning the Law on Turnover Tax, Vakhtang Mirumyan, Deputy Minister of Finance said in the Government on January 30, while representatives of small businesses were picketing outside the government building.
Armenia is preparing to resist the global economic war, Armenian Prime Minister Hovik Abrahamyan said in Government on Friday.
Over two thousand representatives of the small and medium-sized enterprises (SME) gathered outside Government building earlier this morning demanding a meeting with Prime Minister Hovik Abrahamyan. The protesters demand suspension of the Law On Turnover Tax. After the prime minister's assistant told the protesters that the prime minister was busy and cannot receive them, the people headed towards the president's residence.
ArmInfo’s Interview with Artsvik Minasyan, well-known Armenian economist, MP from ARF Dashnaktsutyun
Armenia's Energy and Natural Resources Ministry is planning to sell part of Nairit Plant's assets, Armenia's Energy and Natural Resources Minister Yervand Zakharyan told journalists on Tuesday.
Russia's every step has a direct negative impact on Armenia, Gagik Makaryan, head of the Association of Employers of Armenia, told reporters, Monday.
ArmInfo's correspondent reports from the scene that nearly 500 people engaged in the field of trade are taking part in the action of protest. They are protesting against the Law "On Turnover Tax" that will come into effect on 1 Feb 2015. The demonstrators say that the Government has disappointed their expectations and has failed to take any serious steps to ease the tax burden.
Retail gasoline prices in Armenia dropped by 10 AMD on Monday. The first drop was registered on Jan 16. In Dec 2014 there was a growth.
The EBRD's forecast that the Armenian economy will stagnate in 2015 was a political put-up job and a reaction to Armenia's decision to join the Eurasian Economic Union, Armenian MP Artsvik Minasyan told journalists on Saturday.
Armenia's involvement in the Eurasian Economic Union does not look too promising as it will curb foreign investments, MP Armen Martirosyan told journalists on Saturday.