Macroeconomy

 

Communities’ socio-economic progress a guarantee for Armenia’s sustainable development – PM
/Feb 11/ARMENPRESS/

YEREVAN – This year the government of Armenia plans to provide 10 billion drams for subventions, Prime Minister Nikol Pashinyan said at the meeting with the community leaders on February 11, reports Armenpress.

provide 10 billion drams for subventions, Prime Minister Nikol Pashinyan said at the meeting with the community leaders on February 11, reports Armenpress.

He said there is a task to implement infrastructure projects by these subvention programs.

Pashinyan noted that the socio-economic progress of the communities is the guarantee for Armenia’s sustainable development. “There are numerous problems the solution of which requires dedicated and daily work”, he said.

Touching upon the existing problems in the communities, the Prime Minister said the heads of the communities in Armenia differ from their past path, biography. “In my perception, the “average statistical” community leader must enjoy the support of the community. We are talking about improving the investment environment in the communities, but while visiting any community, you realize objects which, turns out, belong to the community leader or his relative. This is a surprising reality. And also it is surprising that the community tolerates this”, Nikol Pashinyan said.

He stated that this approach is unacceptable both for him, the government and the people. “I want to state that the state service cannot and must not be viewed by the community leader, the council member as a business activity. The activity of the state official is based on multiplying the public wealth”, the PM said, adding that corruption should be eradicated in Armenia.

The next problem facing the community, according to the PM, is the garbage disposal. “I would accept that major changes have taken place when we succeed in making Armenia free of waste, rusty booths, and this is really the field where the government and the local self-government bodies should cooperate”, the Armenian PM said, adding that a cleaning day will be held in Armenia on March 23 which should be properly organized.


30% of staffers at provincial governments to be cut
/Feb 11/ARMENPRESS/

YEREVAN – 30% of staffers at all Governor’s Offices in Armenia will be cut, Minister of Territorial Administration and Development Suren Papikyan told reporters after a meeting with municipal authorities.

He said the process was commenced since October 2018.

“We’ve also involved a consultant firm, we’ve carried out studies in several provincial governments and we have concluded that 30% of staffers there will be cut”, he said.

He said the plan is already development and they await final adjustments, as well as the governmental structural changed.

“A competition will be held; the best staffers must remain in office. The optimization pursues one goal, that is – efficient management and involvement of experts of better quality,” Papikyan said.

He also noted that the minimum wage is low and it must be raised.

Papikyan said the ministry has initiated amendments in the law on local-self governance whereby an institution of referendum will be introduced. “We have municipal leaders who were elected as a result of abuse. In the event of public demand, a referendum must be held to determine whether or not the community wants the given municipal leader to remain in office,” he said.


Armenian prime minister presents functions of chief commissioner for Diaspora
/Feb 12/ARKA/.

YEREVAN – Armenian Prime Minister Nikol Pashinyan said the Chief Commissioner for Diaspora Issues, who has actually replaced the Ministry of Diaspora, will deal with Diaspora policy issues, coordinate the work of all the ministries in this area to ensure high level relations between Armenia and its vast Diaspora.
According to Pashinyan, the government has set two major tasks in its relations with the Diaspora, which "are revolutionary."
"The first is that we have not yet carried out an inventory of the potential and influence of our Diaspora by countries. As a result, this area is not properly regulated. The government’s plan of actions for the next five years gives a special place to the creation of an all-Armenian network,” Pashinyan stressed.
The second task, as Pashinyan said, is to create a unified organization, structure, or format that will represent the Diaspora.
Pashinyan stressed that the Armenian Diaspora is huge running thousands of organizations. “Physically it is possible to organize discussion with one part of it and impossible with the other,” he said, noting that solving this task is a big challenge for the government.
According to various estimates, the Armenian Diaspora numbers from 10 to 12 million people. The largest Armenian communities live in Russia (about 2 million people), the USA (more than 1 million), France (about 500 thousand), Georgia (250 thousand), Lebanon (140 thousand) and other countries.


PM: Exports are the main prospect for Armenia’s economic development
/Feb 12/Panorama/

Human thought, intellect and initiatives should be the driving force of the Armenian economy, Prime Minister Nikol Pashinyan said today, introducing the government’s action plan to the lawmakers.

He says the government program for the next five years is aimed at building an export-oriented competitive and inclusive economy to meet the high technological, industrial and environmental standards.

The PM stressed the key task of the new government is to restructure the gross domestic product (GDP) to make technologies and technological innovation the locomotives of Armenia’s economy. 

Pashinyan named exports as the main prospect for Armenia’s economic development, stressing all the key branches of Armenia economy should be export-oriented.

“We have unlimited opportunities here, as Armenia is a member of the Eurasian Economic Union (EAEU), with the EAEU having free trade deals with several countries, such as Iran and Vietnam. The geography of such agreements will expand in the near future. Armenia enjoys GSP and GSP+ privileged trade systems with a number of Western countries. Thus, the untapped export potential is huge,” he said.

According to the PM, Armenia’s key problem in the exports sector is to ensure the compliance of domestic products with the highest international standards, their respective volumes and marketing issues.

“Our government will do its best to provide support to businesses on the matter and ensure their real access to markets,” he said.

The PM also called for efforts to turn Armenia into a country exporting finished products from a country that exports minerals. “Strongly increasing the exports share of high technological goods in this structure is our key ambition. The competitiveness of Armenian products and services has crucial importance to tackle this issue,” Pashinyan said.

In this respect, the PM attacked importance to a decline in credit interests and financial stability expressing the hope the Central Bank will be able to effectively manage this issue.


Parliament debates government’s Action Plan – LIVE
/Feb 12/ArmenPress.am/

YEREVAN – The session of the Parliament of Armenia has kicked off on February 12, reports Armenpress.

The lawmakers are going to debate the government’s Action Plan.

The main reporter is Prime Minister Nikol Pashinyan.

The government approved the Action Plan during the February 8 extraordinary session.

According to the Constitution of Armenia, the Parliament approves the government’s Action Plan within seven days by the majority of votes of the total number of MPs.


Inclusive economy key goal of Armenia’s government
/Feb 12/ArmenPress.am/

YEREVAN – The inclusiveness of Armenia’s economy is very important in terms of the government’s economic goals, Prime Minister Nikol Pashinyan said during the debate of the government’s Action Plan in the Parliament today, reports Armenpress.

“What do I mean by saying inclusive economy? Our country’s economic growth and the economic growth model are in great dependency on small number of big companies. As I have stated previously, there are companies in Armenia whose executives’ daily moods and caprices can greatly affect the overall situation of the economy and even cause shocks. Our goal is to create such an economic system, an economic model where large number of companies and citizens will participate in the formation of the GDP, and their impact on the economy will be decentralized as much as possible. But this doesn’t mean that according to our vision there shouldn’t be large companies in the country or we negatively react to large companies. Quite the contrary, we hope that the number of large companies will constantly increase in Armenia, but on the other hand, the impact of separate companies or one company on the gross output will not be significant, and these impacts will be balanced by the activities of other companies, and most importantly, by the micro, small and medium business”, the PM said.

Nikol Pashinyan added that overall he can state that there is a very important emphasis in their economic goals. “We don’t want for the micro-business to remain a micro-business, for the small business to remain a small business, and so on. We want communication directions between these economic layers, and our economic volumes increase and the micro, small and medium business has a chance to become a large business. Creating such an opportunity is one of the main goals of our economic policy”, he noted.

The session of the Parliament of Armenia has kicked off on February 12. The lawmakers are debating the government’s Action Plan. The main reporter is Prime Minister Nikol Pashinyan. The government approved the Action Plan during the February 8 extraordinary session. According to the Constitution of Armenia, the Parliament approves the government’s Action Plan within seven days by the majority of votes of the total number of MPs.


Rule of law, fight against corruption, mitigation of taxes: Pashinyan introduces key highlights of economic strategy
/Feb 12/ArmenPress.am/

YEREVAN – Democracy, rule of law, fight against corruption and monopolies are the key highlights of the economic development strategy of the Armenian government, Prime Minister Nikol Pashinyan said in his remarks during the debate of the government’s Action Plan in the Parliament, reports Armenpress.

He said they also attache importance to raising the effectiveness of the public administration, the digitization, the optimization of the government structure, simplification of the tax system and tax mitigation in that strategy.

“Some people still are dissatisfied with our these statements. Many continue stating that the government has no strategy to develop the economy. Last year the collection of articles titled “What to do? The current issues and strategic directions of Armenia’s economic development” has been released by the initiative of the Union of Manufacturers and Businessmen of Armenia where the leading economists of our countries introduced their visions on putting Armenia’s economic development on stable grounds. I want to state that their vision is in accordance with that of the government by 100%”, Pashinyan noted.

In this context he highlighted several key reforms which must be carried out in the future. That is to provide equal opportunities, encourage the work, the economic activeness and make Armenia attractive for foreign investors.

The session of the Parliament of Armenia has kicked off on February 12. The lawmakers are debating the government’s Action Plan. The main reporter is Prime Minister Nikol Pashinyan. The government approved the Action Plan during the February 8 extraordinary session. According to the Constitution of Armenia, the Parliament approves the government’s Action Plan within seven days by the majority of votes of the total number of MPs.


Government’s perception in overcoming poverty is work, says PM
/Feb 12/ArmenPress.am/

YEREVAN – The Government of Armenia attaches great importance to amending the tax code for overcoming poverty, PM Nikol Pashinyan said today in parliament.

He said the amendments will create a new segment in the Armenian economy, the micro-business. Pashinyan said micro-businesses will be exempt from all taxes. Businesses with up to 24 million drams in annual turnover will be considered such.

“It will enable to truly encourage people in starting small businesses. Generally, there are different perceptions regarding methods of overcoming poverty in Armenia. By saying overcoming of poverty, in many cases it is understood as supplying food, clothing and other material goods to such families. This is done without answering to the question on what will happen a year later. If the problem isn’t solved fundamentally, this kind of an approach will serve corruption. Therefore, we must help people to start their own business. Our perception in overcoming poverty is work,” Pashinyan said.

According to the PM, people must have the chance to start businesses from scratch, and this requires creating favorable tax conditions, expansion of accessibility to financial flows and helping in increasing business education level.

Pashinyan noted that simultaneously the society must change its approach in paying taxes. He says that people must understand that raising pensions, reconstructing roads and regulating other issues require money in the budget. And to reach this, everyone must pay taxes.

“Whoever you approach and say they should pay taxes are getting surprised. How, a singer should pay taxes? An attorney should pay taxes? [Yes], how else do you want problems to be solved? We are inviting everyone to participate in the economic revolution,” he said.


Government and business must be clearly separated – PM on de-centralization
/Feb 12/ArmenPress.am/

YEREVAN – A shift from an over-centralized system to a de-centralized one is taking place in Armenia, Prime Minister Nikol Pashinyan said in parliament in response to a question from a lawmaker.

“When I was describing the phases of the revolution’s victory, I found the most important and turning point to be de-centralization, I was saying it also in terms of organization and administration of economic life. Essentially, I would speak about the need for rejecting certain de facto and de jure powers. A transition from an over-centralized system to a de-centralized system is taking place in Armenia, and meanwhile we will certainly have numerous side effects, but overall this is a correct strategy, because the logic behind de-centralization is in line with the logic of democracy and certain outsourcing of powers,” he said.

He said that the separation of government and economic activity is very important.

“For our government, it is highly important to refuse from unnecessary regulations. But I also mean the shadow regulations. The separation of government and economic activity is very important for us. Because, if local-self government bodies stay within powers and philosophy, problems will be solved on their own, because problems are appearing in times when a mayor or prime minister, or minister, is a competitor with some other business operator in a given business sector. Our logic of de-centralization is the following – we must refuse from regulation that do not manage risks and clearly separate government and business,” he said.


Helping every citizen to believe in own strengths is personal responsibility, says PM
/Feb 12/ArmenPress.am/

YEREVAN – PM Nikol Pashinyan is confident that the citizens of Armenia cannot fail in demonstrating economic activity because the government and the parliamentary majority are declaring this vector and will create its opportunities.

Pashinyan was speaking in response to a question from Lusavor Hayastan (Luminous Armenia) lawmaker Ani Samsonyan in parliament.

Samsonyan quoted the PM’s earlier statement that the government’s action plan is not rich in numbers because numbers depend also on the activeness of citizens, who in turn must become economic activists. The MP asked what the government will say in the event of failing to record high economic indicators, will it say that it didn’t happen because the citizens didn’t demonstrate economic activeness or not.

The PM replied that citizens cannot not demonstrate economic activeness because the December 9 election recorded the agreement between citizens and the government on what will happen in the coming years. “And there are no grounds to presume that the citizens will not implement their share of the agreement. I have come here today to formulate how we will carry out our share of the agreements and how we imagine the implementation of these agreements by the citizens.

We were being asked this same question during the political revolution. We were giving this same answer. We were saying, folks, if you will want to show your will, we will be the guarantor for your will to be fulfilled. The same goes for the economic revolution, and I believe that the citizens of Armenia have clearly showed their will for implementing economic revolution in the 2018 December 9 parliamentary election,” he said.

He added that if it so turns out that the economic revolution has not been implemented, the citizens will again express their will and will be the judge on what happened, why, how, and who is the guilty.

“The Armenian government, and personally myself, like before, am ready to bear responsibility for further political, economic, social and security developments in Armenia, this is my personal responsibility. But first and foremost I find my personal responsibility to be helping every citizens of Armenia in believing in their strengths”, he said.

He said the government will bear responsibility in the theoretical event of failing to implement economic revolution.
 

Government creates Armenian Investment Fund
/Feb 12/ArmenPress.am/

YEREVAN – The government is working to create the Armenian Investment Fund, an organization that will serve potential investors on the entire path of investing, PM Nikol Pashinyan told lawmakers today in parliament.

“We are now working in the direction of creating an Armenian Investment Fund, which must be an investment infrastructure for potential investors, in order for investors to know whom to address specifically for making investments. There is this phenomenon when those who want to make investments in our country want to meet with the prime minister or other high-ranking officials. We must create a place and tell them that this office if our representative. When meeting with them, consider you have met with the prime minister or minister. Their main goal is to serve you on the entire path of making investments,” the PM said.

The PM is presenting his government’s action plan to parliament.


Systematic corruption in Armenia brought to its knees – Pashinyan
/Feb 12/ArmenPress.am/

YEREVAN – Fight against corruption is of key importance for the Government of Armenia and Nikol Pashinyan considers it as one of the most important achievements of the Government, Nikol Pashinyan talked about this during the presentation of the Government’s Action Plan at the parliament.

“In fact, systematic corruption in Armenia is brought to its knees, but fight against corruption and anti-corruption policy need some institutional foundations. And I think one of the key points of the Government’s Action Plan in terms of fight against corruption is the following – we have to strengthen all the levers by which the citizens of the Republic of Armenia should have the opportunity to oversee the property and possession of not only the state officials of Armenia, but also of those with great opportunities to assume state offices”, ARMENPRESS reports Pashinyan as saying.

He explained the idea bringing an example, that if someone wants to become Prime Minister or MP, he should authorize a relevant state body to seek information about his or his relatives’ properties worldwide, where the state body will act as the representative of the person trying to assume office. Pashinyan clarified that it’s very important for the state body to be authorized to act as the representative of the owner, since it will give an opportunity to avoid some obstacles which could rise if the state body acted as an investigator. “Moreover, all the officials or candidates who will refuse to grant the relevant state body with the power of attorney, they should be deprived of the right to assume any state position in the Republic of Armenia”, the PM added, emphasizing that it’s not a violation of human rights, since they do not force everyone to behave that way, but only those who have the ambitions to become a state official and serve the Republic of Armenia and its people.

“Therefore, the people hiring those individuals to serve them should have guarantees of 100% transparency, and to be able to record what the individual possessed when assuming the post, where and how much he had, and what he has now and how his property changed after he left the office” In fact, this is a tool the guarantees the end of corruption in Armenia”, Nikol Pashinyan said.


Pashinyan highlights reduction of mining industry output in the total volume of exports
/Feb 12/ArmenPress.am/

YEREVAN – Prime Minister of Armenia Nikol Pashinyan sees a necessity to reduce the output of mining industry in the total volume of exports. At the same time he emphasizes the necessity for mining industries to meet the strictest environmental standards, ARMENPRESS reports Pashinyan said at the National Assembly.

Nikol Pashinyan noted that today agriculture and mining industry are the leading branches of the Armenian economy. “Our vision is the following – the volume of mining industry output should significantly decline in the total volume of the Armenian exports. The export of high-tech output should increase”, he said.

Pashinyan also noted that there is no country in the world that has no mining industry, but they are brought to the highest standards not to jeopardize the health of the public. He noted that reasonable use of minerals is beneficial for the country.


Gambling regulation bill introduced in Armenia
/Feb 13/European Gaming Industry News/By Niji Ng/

Armenian Vice Speaker of Parliament Alen Simonyan has proposed a bill in the parliament to add further regulation to gambling industry. The bill seeks to amend the existing gambling law.

“These will limit the activities of bookmaking offices in the territory of Armenia, and gambling through the well-known devices at filling stations and different public locations will be banned,” said Simonyan on social media in regards to the slot-machine type bookmaking equipment that are mainly located at CNG stations across Armenia, Armenpress reported.

The territory has walked around other gambling proposals, which include a total ban on sports betting. The Ministry of Finance also expressed the intention of changing how gambling operators are taxed in the country in order to get taxes directly from revenue.
 

Export volume from Armenia to EAEU grows: Deputy minister sees great opportunities in Eurasian market
/Feb 13/ArmenPress.am/ by Anna Grigoryan/

YEREVAN – The market of the Eurasian Economic Union (EAEU) has many advantages and is very important for Armenia in terms of export, and the emerging technical and other problems are immediately being solved by Armenia’s proposal. As a result, the trade turnover with the EAEU states increased 11.3% last year. The export volume from Armenia comprised 688 million 976 thousand drams, which is an increase of 20.7% compared to 2017, Albert Babayan – deputy minister of economy, said in an interview to ARMENPRESS.

“Nearly 688 million AMD export share belongs to the EAEU market in Armenia’s export market. The same volume is exported to the EU market and nearly one billion to other markets. In other words, nearly 25-26% of export goes to the EAEU countries. Tobacco, drinks, shoes, textile, communication means, fresh fruits, vegetables, canned food, fresh fish and crayfish are mainly exported to the Eurasian market from Armenia. The most important is that we export ready-made goods to the EAEU states, rather than raw material”, the deputy minister said.

According to the data of the National Statistical Committee, the trade turnover with the EAEU states in January-December 2018 comprised 1 billion 989 million 499.9 thousand drams, which increased by 11.3% compared to 2017.

The deputy minister considers this export growth rate a positive figure and believes that it has a tendency to develop. Albert Babayan stated that it is necessary to use all the opportunities existing in the Eurasian market for carrying out export.

The greatest export share belongs to Russia – 666 million 501.7 thousand USD. The deputy minister said this is linked with the fact that Russia traditionally has been Armenia’s greatest trade partner. “And this is also the reason that we are exporting goods with greater volumes to Russia. In addition, Russia’s market is more affordable from logistics perspective, it is bigger than that of the remaining EAEU states”, he noted.

The trade turnover from the EAEU states has decreased only to Kyrgyzstan, as well as the export – by nearly 45%, comprising 970.5 thousand USD. “Maybe it was more appropriate to export that goods to the other markets. These goods are chocolate, drinks, fruits and vegetables. There are economic entities from Armenia who provide service in Kyrgyzstan, therefore we have no political obstacle with this country”, Babayan said.

Talking about the trade turnover, export obstacles with the EAEU states, the deputy minister said export may cause technical problems for all member states. For instance, there is a restriction for exporting alcoholic drinks and tobacco from Armenia to Belarus which makes the entry of the goods to this market difficult. “But according to the results of the six months of 2018, we see that new goods have been exported which were not exported in the past. In order to overcome this obstacle Armenia has already submitted a proposal to the EAEU respective commission. The proposal is currently at the discussion stage”, the deputy minister said.


Armenian parliament adopts government program
/Feb 14/Panorama/

The Armenian National Assembly adopted today the government’s action plan for the next five year.

A total of 82 lawmakers voted for the program, while 37 voted against.

Earlier the Bright Armenia faction announced its intention to vote against the document, while Prosperous Armenia faction said it would vote in favour of the program if their proposals are accepted. 


IMF is ready to assist Armenian government in observing inclusive economic growth
/Feb 15/ARKA/

YEREVAN – Armenia’s Minister of Economic Development and Investments Tigran Khachatryan had a meeting today with an IMF team, led by IMF Armenia Mission head Hossein Samiei to discuss the program of the government.
The press service of the ministry said IMF team members were eager to learn about how the government is going to fight corruption, secure social protection and improvement of the business environment. Hossein Samiei was quoted as saying that IMF was ready to continue to assist the government of Armenia in observing the inclusiveness of the economic growth, embodied in its plan of activity.
At the request of the guests, the minister elaborated on a several issues that interested IMF team. In particular, he clarified the specific actions of the ministry in these areas, also touched upon the upcoming steps to improve the business environment.
The parties were said to have agreed to continue cooperation in accordance with the list of priorities developed by the government.
The government’s plan of activity for 2019-2023 calls for "economic revolution" through inclusive economic growth that will provide an average of 5% GDP annual growth.


IMF ready to assist Armenian government on ensuring inclusiveness of economic growth
/Feb 15/ArmenPress.am/

YEREVAN – Minister of economic development and investments Tigran Khachatryan met with the Armenia Mission of the International Monetary Fund (IMF) led by Hossein Samiei, the ministry told Armenpress.

The meeting aimed at discussing the Armenian government’s Action Plan.

The IMF delegation members were interested in the Armenian government’s vision in fight against corruption, challenges in improvement of social protection and business climate.

At the same time, the IMF expressed readiness to assist the Armenian government on ensuring an inclusive economic growth as stated in the Action Plan.

The minister introduced the guests on the ministry’s future actions aimed at improving the business environment.

The sides agreed to continue the cooperation in accordance with the list of priorities to be developed by the Armenian government.


Eurasian Expert Club assesses Armenia’s economic performance in 2018 as satisfactory
/Feb 16/Panorama/

2018 was a difficult year for Armenia as number of political developments significantly affected the country’s economic performance, Aram Safaryan, the head of Integration and Development NGO, Coordinator of Eurasian Expert Club, said at a meeting with reporters on Saturday. “Considering these factors, the economic performance of Armenia can be assessed as satisfactory even good,” Safaryan stressed.
The expert reminded the country recorded a record 9,2% GDP growth in the first trimester of 2018. The number then gradually decreased in the second and third trimesters.

“The GDP for the past year is not published yet but to our prediction, it will stand at 5.6 – 6%,” said Safaryan, adding throughout 2018 a sustainable 4-8% growth was observed in industrial production, trade and services.

“Against the backdrop of this, Armenia’s result within EUEA are quite impressive, as we
recorded 20% increase in exports and 10% in import with Russia, while trade-economic volumes increased by 68% with Belarus and doubled with Kazakhstan.

“In the history of our independency our export volumes amounted for r 2 million 400 thousand US dollars for the first time,” the speaker said.

Safaryan reminded that Armenia has assumed the EAEU presidency in 2019 and should make efforts to present its interests both within and outside of the economic bloc.

Doctor of Economic Sciences, Professor Ashot Tavadyan, present at the press conference, noted in turn that for countries with relevantly small economic market exports as a share of GDP is more relevant index than the GDP itself.

“If we want a real developed economy our export per GDP should reach 50% that is to say to surpass 6 billion,” the economist said.


Government and CBA should closely cooperate to reduce interest rates in financial market, says Pashinyan
/Feb 15/ArmenPress.am/

YEREVAN – The government and the Central Bank should seriously cooperate to reduce the interest rates in the financial market, Prime Minister of Armenia Nikol Pashinyan said during today’s Cabinet session, reports Armenpress.

“The Parliament and the ministry of justice also have something to do here. In my remarks in the Parliament I have said that according to the CBA’s approximate calculations, 300 billion AMD today are at a debate stage, and this money belongs to no one because the judicial system is not solving this issue on time. Moreover, there is no debate for at least half of this money: in other words, the person, who must pay, accepts that he/she must pay, the person who must accept, he/she accepts, but there is a certain legal procedure which should be passed. During the meeting in late 2018 with the banking sector officials we have agreed that they should propose legislative solutions how to solve this issue. Why this is important in the context of the issue being discussed because the existence of 300 billion AMD can create opportunities to reduce the interest rates in the financial market. I know that the Central Bank has already carried out major works, I urge to join this work, develop that legislative mechanisms and submit to the Parliament as soon as possible”, the PM noted.


Armenian exports to Russia grow 20%
/Feb 16/ArmenPress.am/

YEREVAN – Armenian exports to Russia grew more than 20% in 2018, totaling $666,5 million.

According to the Eurasian Expert Club, an Armenia-based NGO, this indicator provided the continuity of the recorded growth of the last three years.

“Volumes of exports from Armenia, namely exports of finished goods to Russia grew more than twice,” Eurasian Expert Club coordinator, chairman of the Integration and Development NGO Aram Safaryan said at a news conference February 16.

According to him, unlike the decrease in Armenian agriculture, the volumes of exports of agriculture to Russia have increased.

“Fruit exports grew nearly twice. Textile and fish product volumes increased significantly, and these are impressing figures, which hints that these sectors must be focused on in 2019, because here, the Eurasian Expert Club strongl believes that continuous growth is possible,” Safaryan said.


30 խոշոր հարկատուներից 25-ը 2017-ի համեմատ ավելացրել են հարկերը, 5-ը՝ պակասեցրել. Թունյան
/Feb 19/Verelq.am/

Հայաստանում 30 խոշոր հարկատուներից 25-ը նախորդ տարվա համեմատ ավելացրել են հարկերը, 5-ը՝ պակասեցրել։ Այս մասին իր Facebook-յան էջում գրել է ՀՀ ԱԺ պատգամավոր, տնտեսական հարցերի ԱԺ մշտական հանձնաժողովի ղեկավար Բաբկեն Թունյանը։

ՀՀ ԱԺ պատգամավոր, տնտեսագետ Բաբկեն Թունյանը ֆեյսբուքյան իր էջում ներկայացրել է մի քանի ամփոփ փաստ՝ 2018 թվականի 1000 խոշոր հարկատուների ցանկից:

Ըստ այդմ՝

• 2018 թվականին ՀՀ 1000 խոշոր հարկատուները միասին պետբյուջե են վճարել 926.8 մլրդ դրամի հարկեր և տուրքեր

• 2017 թվականի համեմատ խոշոր հարկատուների վճարած հարկերն աճել են 119.4 մլրդ դրամով կամ 14.8%-ով,

• Առաջին հորիզոնականներում տեղ գտած 30 խոշոր հարկատուներից 25-ը նախորդ տարվա համեմատ ավելացրել են հարկերը, 5-ը՝ պակասեցրել,

• Վերջին տարիների մեջ առաջին անգամ տարվա խոշորագույն հարկատուն մշակող արդյունաբերության ոլորտի ընկերություն է՝ Գրանդ Տոբակոն (42.2 մլրդ դրամի հարկեր և տուրքեր),

• Խոշոր հարկատուների ցանկի՝ նախորդ տարիների անփոփոխ առաջատարը՝ Գազպրոմ Արմենիան, 2018 թվականի արդյունքներով նահանջել է 3-րդ տեղը (շուրջ 40 մլրդ դրամի հարկեր և տուրքեր) :


Armenian Growth Rate In 2018 Reported by Government
/Feb 20/RFE/RL Armenian Report/By Sargis Harutyunyan/

The Armenian economy grew by 5.2 percent last year on the back of major gains in manufacturing, trade and other services, according to official statistics released on Wednesday.

The figure is virtually identical with a growth estimate made by the World Bank last month. The bank also forecast that economic growth in Armenia slow down this year before accelerating in 2020 and 2021.

Armenian growth reached 7.5 percent in 2017. It hit 9.7 percent in the first quarter of 2018, just before the start of weeks of mass protests that led to the resignation of the country’s longtime leader, Serzh Sarkisian.

The Armenian Statistical Committee recorded a nearly 9 percent rise in the 2018 volume of retail and wholesale trade. It said that financial and other services were up by as much as 19 percent.

The government agency also registered a 4.3 percent increase in industrial output mainly driven by manufacturing sectors. By contrast, the Armenian mining industry, a key export-oriented sector, contracted by 14 percent. This seems to have primarily resulted from the closure in early 2018 of a large copper and molybdenum mine in the northern Lori province.

GDP growth was also dragged down by an 8.5 percent fall in agricultural production. Government officials blame it on unfavorable weather conditions.

In its comprehensive policy program approved by the parliament last week, Prime Minister Nikol Pashinian’s government pledged to ensure that the domestic economy expands by at least 5 percent annually for the next five years. It said ising exports will be the “main engine” of that growth.

The program reaffirms Pashinian’s repeated pledges to carry out an “economic revolution” that will significantly reduce poverty and unemployment in Armenia. It says the government will improve tax administration, ease business regulations, guarantee fair competition, and stimulate exports and innovation.

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