Macroeconomy

 

Exports to Armenia grow 48% in 10 months
/Dec 1/Tehran Times, Iran/

TEHRAN- Iran’ commercial attaché to Armenia announced that regarding the released data by the Islamic Republic of Iran Customs Administration (IRICA), exports to Armenia has increased 48 percent in terms of value from January to October 2018, the portal of Trade Promotion organization of Iran (TPO) reported on Saturday.

“The total value of Iran’s export to Armenia is estimated to stand at $212 million, while the figure stood at $144 million in the end of October 2017,” Mohsen Rahimi said.

“The 211-million-dollar trade between the two sides in 2017, and the current year’s $297 million shows 40 percent growth in bilateral trade,” he added.

Iran exported $175 million of goods in 2017 to Armenia and in case the announced 48 percent growth would remain stable, the figure will hit $250 million by 2018 yearend, the same report confirmed.
 

Armenia the second largest exporter of diamonds in CIS
/Dec 5/Public Radio of Armenia/

Business Armenia has released a marketing package presenting investment opportunities of Armenia’s Jewelry sector. According to the research included in this package, Armenia is the second largest exporter of diamonds in the CIS region.

Last year, more than 50% of Armenian jewellery industry production was exported to Switzerland. The sector constitutes 13% of Armenia’s total export. The jewelry production increased by 36% in 2017 alone and the average annual growth of diamonds processing was more than 50% between 2014 and 2017.

Among the incentives in the jewelry industry is VAT discharge for import and sale of gold and valuable stones, no VAT for sale of unfinished gold jewelry, as well as the existence of a free economic zone for the companies operating in jewelry, watch-making and diamond cutting industries.

The video is part of Business Armenia’s “Make your move, Select Armenia” campaign.

http://www.armradio.am/en/1880
 

EcoLab implements 17 programs in Armenian marzes
/Dec 5/MediaMax/

EcoLab Foundation has summed up Re.Action program over the past one year, within the frames of which 30 young people made their investment in providing democratic management and sustainable development in Armenian rural communities.

EcoLab’s programs are financed by German Federal Foreign Office. The budget this year made EUR 90k.
Founded in Armenia in 2011, the foundation has since implemented programs for development of youth’s capacities by educating socially responsible young people, who wish to invest their time and efforts in solving issues in their communities.

Head of the foundation Yana Mkrtchyan told in an interview to Mediamax that 17 programs have been successfully implemented in various marzes in 2018.
At different stages of program implementation, the organizers attached importance to formation of critical thinking among young people, improvement of business skills, preservation of clean environment etc.
Maximum EUR 300 was allocated for implementation of each program.
EcoLab Program Manager Diana Chobanyan noted that the involvement of local authorities and government representatives in their programs have activated after recent changes in Armenia.
German Ambassador to Armenia Matthias Kiesler said that he is excited to follow programs, implemented by Armenian youth every year.
“We have financed a number of programs since the independence, aimed at formation of democratic foundation in Armenia. Today we are trying to support Armenian young people more actively, as we believe that they can change Armenia for the better,” Ambassador Kiesler said.
 

Armenian president donates 6 million drams to society of the blind in Gyumri
/Nov 5/ARKA/.

YEREVAN – During a working visit today to Armenia’s second-largest town of Gyumri President Armen Sarkissian went to see a company run by the Armenian Society of the Blind that produces natural oil paints.
According to the presidential press service, Sarkissian spoke to members of the association and other employees and was told about the technologies used by the company and its expansion programs.
The presidential press service said this project is also of social importance, since its implementation is creating new jobs for people with disabilities. The President donated 6 million drams (about $12.4 thousand) to the company to help its expansion program.
The society members presented a picture painted with the colors of their company to the president, who promised to hang it in the presidential residence.
 

Նոր արտոնություններ բիզնեսին. շուրջ 4 մլրդ դրամի ներդրումներ են լինելու
/Dec 6/Verelq.am/

Կառավարությունը մաքսատուրքից ազատման արտոնություն տրամադրեց «ԳԻՆԱՓ» ՍՊԸ-ին տեխնոլոգիական սարքավորումների, դրանց բաղկացուցիչ ու համալրող մասերի, հումքի, նյութերի ներմուծման համար:Ընկերության կողմից ներմուծվող ապրանքներն օգտագործվելու են արհեստական եւ պլաստիկ թաղանթների ֆլեքսո տպագրության, ինչպես նաեւ վակուում տոպրակների, պանրի տոպրակների, սուրճի եւ այլ բազմատեսակ տոպրակների արտադրության մեջ։

Ծրագրի շրջանակներում իրականացված ներդրումները կազմում են 2,5 մլրդ դրամ եւ մինչեւ 2021 թվականը նախատեսվում է հավելյալ 1 մլրդ դրամ ներդրում նոր սարքավորումներ եւ 8,9 մլրդ դրամ ներդրում հումք գնելու նպատակով։

Ներդրումային ծրագրի շրջանակում ստեղծվել է 56 աշխատատեղ եւ նախատեսվում է ստեղծել եւս 50 նոր աշխատատեղ՝ 180 000 ՀՀ դրամ միջին աշխատավարձով։ Ծրագրով նախատեսված արտադրանքի ընդհանուր ծավալը կազմում է 3 մլրդ դրամ, որից 2,5 մլրդ դրամի արտադրանքը կիրացվի ՀՀ տարածքում, 300 մլն դրամի արտադրանքը՝ ԵԱՏՄ այլ անդամ երկրների տարածքում, 200 մլն դրամի արտադրանքը՝ երրորդ երկրների տարածքում։

Այնուհետեւ կառավարությունը մաքսատուրքից ազատման արտոնություն տրամադրեց «Արմենիան Հելիքոփթերս» ՍՊԸ-ին տեխնոլոգիական սարքավորումների, դրանց բաղկացուցիչ ու համալրող մասերի, հումքի եւ նյութերի ներմուծման համար:

Ներմուծվող սարքավորումը մեկ մարդատար ուղղաթիռ է, որն օգտագործվելու է փոքր ավիացիայի ոլորտում : Ընկերությունն արդեն իրականացրել է 1 միլիարդ 550 մլն դրամի ներդրում, նախատեսվում է կատարել եւս 271 մլն 400 հազար դրամի ներդրում :

Աշխատատեղերի թիվը 13 է, ծրագրի շրջանակներում նախատեսվում է ավելացնել 3-ով՝ 600 հազար դրամ միջին աշխատավարձով։
 

Armenia plans to raise casino-related tax
/Dec 6/European Gaming Industry News/By Niji Ng

Armenia’s finance ministry is planning to change the existing system of taxation to gambling operator. The ministry intends to base it directly on the gambling revenue. Now casinos pay fixed fee in Armenia, which varies from city to city (for example, in Tsakhkadzor—150 million drams per year, in Sevan—120, in Jermuk—80, in Meghri—30). In other areas, the fee is 4.5 billion (about 9.3 million $). The ministry wants to change the fixes fee to a variable tax based on the revenue of a particular casino.

“But it is more correct if the tax depends on their revenue. The more money they collect, the more they pay taxes. Previously, it was more difficult for us to keep track of what the casino turnover was, but now there is such an opportunity. Therefore, we will fix the turnover and count tax on it,” the acting Deputy Minister said.
 

Money transfers from Armenia to abroad surge by 22 percent to $951 million
/Dec 7/ARKA/

YEREVAN – Money transfers from Armenia to abroad in the first 10 months of 2018 amounted to $951 million, having surged by 22% from  the same period last year, according to numbers, placed on the official website of the Central Bank of Armenia.
The amount of private money transfers sent to Armenian through the banks in the same time span for non-commercial purposes grew by 4.1% to more than $1.456.2 billion. As a result, the net inflow of money transfers to Armenia decreased by 18.3% year-on-year to $505.1 million.
The amount of money transfers from Armenia to Russia increased by 24.5% to $385 million, and the amount of remittances from that country to Armenia also increased by 1.6% to $867 million. 
The amount of money transfers to the United States also grew by 13. 5% to $152.1 million, however, the amount of money transfers from USA to Armenia also increased by 21.4% to $144.7 million.
According to the Central Bank, $1.756.4 billion were remitted to Armenia as private money transfers in 2017, by 14.5% more from the previous year, while money transfers from Armenia to other countries grew by 25% to $1.024.9 billion. As a result, the net inflow of money transfers in 2017 was about $731.5 million, an increase of 2.2% from 2016.  ($1 – 485.26 drams).
 

WB: Gyumri technopark becomes silicone oasis for Armenian regions WB: Gyumri technopark becomes silicone oasis for Armenian regions
/Dec 8/News.am/

The Gyumri technopark became a silicone oasis for the Armenian regions, Sylvie Bossutrot, the head of the Armenian office of the World Bank said during the “Empowering Regions through High Tech-Forum 2018” conference at the Gyumri Technology Center.

According to her, the World Bank is proud that it has supported the revival of the Gyumri technological center, aimed at creating an “electronic community”.

Investments were not limited to the construction of physical infrastructures for the Gyumri technocenter, they also aimed at building a powerful IT ecosystem, Bossutrot said adding that over 20 thousand IT specialists have been trained there, and about 100 companies used the services of the Center. The technopark is operating at full capacity: 30 companies and about 300 employees are involved in it.

A similar center was created in the Armenia’s city of Vanadzor, and there are projects to build similar technology parks in other areas, she added.

According to her, many young specialists from Gyumri have returned to establish their start-up in the Gyumri technology center and thus contribute to the revival of their city.

Gyumri Technopark was opened in September 2014.

The total budget of the project was amounted to $ 4 million. The building was destroyed as a result of the 1988 Spitak earthquake.

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