Economy
05/11/2019 19:51Sarhat Petrosyan claims he warned vice PM Tigran Avinyan about corruption clan in urban construction sector“The former head of the Urban Construction Committee who is the consultant to Avinyan and who as if did not have any activity in Armenia today is the owner of the biggest projecting company and coordinates huge volume of investment programs,” Sarhat Petrosyan tolf RFE/RL.
05/11/2019 11:41Oil steadies after gains driven by trade optimismBrent crude futures LCOc1 were up 4 cents at $62.17 a barrel at 0330 GMT after gaining 0.7% in the previous session.
04/11/2019 16:21The existing water tariff to remain unchanged“Stemming from the figures we have, I may say that the existing tariff will be re-approved, no hikes are expected. The acting tariff is 191,4 AMD, it is subsidized by the state. Now it will be approved without subsidy and will make 180 AMD,” he said.
01/11/2019 10:42Mtskheta-Stepantsminda-Lars highway closed for traffic due to snow precipitation“The Gudauri-Kobi sector of Mtskheta-Stepantsminda-Lars highway is closed due to snow precipitation,” the embassy reported.
31/10/2019 18:10Pashinyan, Medvedev discuss issues on development of trade-economic relations“Pashinyan and Medvedev discussed up-to-date issues of Armenian-Russian trade-economic relations,” Russian government’s press service reports.
31/10/2019 11:13Government approves resignation of Cadaster Committee’s headEarlier Petrosyan reported that he submitted resignation application to Armenia’s PM.
30/10/2019 15:03Issue of purchasing new governmental plane to be discussed: head of PM’s administrationHe said issue of acquiring new plane is being discussed as the current one is rather old and worn out.
28/10/2019 14:19This year’s stores the highest: CB chairmanAt the same time he said that as a result of mandatory storing about 300 billion AMD has been injected to the economy.
28/10/2019 13:01Progress in Armenia-Bulgaria economic cooperation not satisfactory: Armenia’s FM“Armenia-Bulgaria relations are developing both in bilateral and multilateral formats, making active part in the context of Armenia-EU relations,” Armenia’s minister said.
28/10/2019 12:06Defense sector allocations to grow by 25,3% with 2020 draft budget: Pashinyan“As compared with 2018 in 2020 we have planned a raise in the budget allocations for defense sector by 25,3%,” Pashinyan said.
28/10/2019 11:40One-time allowance for child birth to become 300,000 AMD from January 1, 2020: Pashinyan“From January 1, 2020 the Tax code amendments will enter into force. With approximate calculations salaries of 200,000 citizens will be raised as a result of these amendments,” Pashinyan said.
28/10/2019 10:58Noticeable results of fight against corruption to be addressed to raise defense sector efficiency: Armenia's PM“We have legal regulations regarding military expenses and they must not exceed 4% of the GDP and we must remain in this limits,” he said, adding that it is also important to register that we have expenses in the military sphere in 2020 which will be made in other logic.
28/10/2019 10:37Armenia to register about 7% economic growth: Armenia’s PM participates in 2020 draft budget discussion“It is almost obvious that we are going to have about 7% economic growth, but the Ministry of Finance says the possible index is 6,3% and the Central Bank 6,7%,” Pashinyan said.
26/10/2019 12:42No inaccuracies in WB’s Doing Business 2020 report: Armenia's rating to remain unchanged: WB representative“From our viewpoint there is no inaccuracy or mistake regarding Armenia. This year we have just reviewed and changed the evaluation of investment protection index. We did not add any new element but just made some corrections,” she said.
22/10/2019 16:16Corruption risks covered under veil of secrecy: Mane Tandilyan on secret raise of salaries“I will be consistent on the issue to get the answer about the process. As a lawmaker I want to understand what it is being spoken about. It is known that numerous corruption risks are covered under the veil of secrecy,” Tandilyan said.