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.
On January 22, the USAID-funded Finance for Economic Development (FED) Program presented the results of its study to improve access to finance for micro, small and medium enterprises (MSMEs) in Armenia, with a particular focus on rural and under-served markets. The study offers over 100 recommendations of specific actions that will improve MSME access to finance.
Some 100 fired employees of Nairit Plant have gathered in front of the Presidential Palace to claim their unpaid wages. According to ArmInfo's correspondent, on Feb 6 Nairit will fire as many as 1,700 people. As a result, the staff will shrink to 400 workers.
Armavia Company owes not only to its former staff, but also to many companies and banks, a Yerevan-based "Zhoghovurd" Company writes.
On Jan 15, Moody's Investors Service downgraded Armenia's issuer and government bond rating to Ba3 from Ba2, and changed the outlook to negative from stable.
Political decision has been adopted to temporary shut down the Nairit Plant, a local Haykakan Zhamanak Daily writes. "The authorities of Armenia pin no hopes with reactivation of the plant. The process of the temporary shutdown has been launched. Almost 2,000 employees will be dismissed in February. Some 480 people will remain at the plant to keep it in the state of conservation. Later, the staff will be reduced to 250 people. The plant will be fully liquidated in few years, unless there are prospects of its reactivation," the paper writes.
In 2015 Russia-the West confrontation will go on affecting post-Soviet countries, Srtarfor forecasts. "In the Caucasus, Georgia will see an increase in political instability as the ruling Georgian Dream party experiences greater internal divisions, though this will not offset the country's broader EU and NATO integration drive.
Charged by the president of Armenia, the government of the republic will try to keep tariffs for electric power and gas without changing in 2015, Energy and Natural Resources Minister, Ervand Zakharyan, said at today's press-conference.
In spring 2017 Armenian Nuclear Power Plant will be suspended for life extension repair. According to Armenia's Energy and Natural Resources Minister Yervand Zakharyan, as a result of the repair, the life of the plant will be extended till 2027.
As mass media report on yield damage by cold weather, the Ministry of Agriculture announces that no damage has been caused to winter crops, fruits trees or vineyards in the territory of Armenia as of January 14 2015.
Samvel Haroutiunyan, Head of the State Science Committee of Armenia, forecasts a serious progress in implementation of the CANDLE (Center for the Advancement of Natural Discoveries using Light Emission) project in 2015. Talking to reporters, on Wednesday, he said the most significant event for the Center will be import of a state-of-the-art equipment for the project with the support of European partners.
In 2014 the international airports Zvartnots and Shirak provided services to 2 million 82 thsd passengers - by 324,5 passengers more than in 2013. So, the passenger flow through the air gates of Armenia grew by 18,5% in 2014, press-service of Armenian Civil Aviation General Department (CAGD) reported.
Beeline is pleased to announce a special New Year campaign for the fixed communication subscribers - on 1 Jan 2015 all the calls from the Beeline fixed network to any fixed telephone numbers of Armenia and Nagorno-Karabakh will be free, the company's press service has told ArmInfo.
Armenia is going to diversify its foreign trade to avoid risks caused by deterioration of the economic situation in Russia due to the Western sanctions, Armenian Economy Minister Karen Chshmarityan said at today's press conference.
Qatari and Greek air companies, QATAR AIRWAYS and AEGEAN AIRLINES, have announced their entry into Armenia's airfreight market in 2015
Russian Government has approved lending $270 mln to Armenia for prolongation of Armenian Nuclear Power Plant's lifespan, press-service of the Russian government reported.
A project on signing of a Protocol to the Russian- Armenian intergovernmental agreement on cooperation in the field of supplies of natural gas, oil derivatives and rough diamonds to the Republic of Armenia has been included in the Russian Government's agenda.
Russian and Armenia have lately signed an intergovernmental agreement on cooperation to prolong the lifespan of the second power unit of the Armenian Nuclear Power Plant (ANPP).
An electric locomotive has been repaired in Armenia for the first time in 25.
As part of company disclosure policy Geoteam, a fully owned subsidiary of Lydian International informs all stakeholders about the payments to local governments at the end of each year. The communities of Saravan, Gorayk and Gndevaz have received overall about AMD 720 million from Geoteam in land rental payments in 2008- 2014.
Beeline has announced the launch of "0 in Roaming" service. The company's press service has told ArmInfo that the service allows the subscribers to receive free calls in roaming from the 2nd through the 10th minute. The service is available in any country of the world for Beeline mobile subscribers. Within "0 in Roaming" service, the first minute will cost AMD 200. Every other minute following the 11th one will also cost AMD 200.
For the first time Armenian journalists have received an opportunity to participate in the fourth annual contest of Rostelecom OJSC - "Technologies for Life - Instantaneous Internet!" From now on, the contest is receiving an international status, Rostelecom representative Irina Zhabrova said at a press conference in Armenia on December 23.