Prime Minister Nikol Pashinyan has invited Italian businessmen to participate in the economic rise of Armenia at the inaugural Armenia-Italy Business Forum in Yerevan. He said that a leap development of the economy was among the government’s priorities. “One year ago an unprecedented, non-violent, Velvet Revolution took place in Armenia. During the past year we…
Inflation in Armenia comprised 1.9% as of March: in general, low inflationary environment was maintained in the country in the first quarter of 2019, President of the Central Bank of Armenia Artur Javadyan said, while introducing the annual report of the Bank’s activity in the Parliament. “In the first quarter of 2019 inflation was at…
The economic activity index of Armenia grew by 7% in January-April against the same period of 2018, while only in April the growth amounted to 9.2% against last April, the National Statistical Service reported. Industrial output of the period rose by 4.5%, and in April by 13.2%. Construction grew by 8% in January-April, and by…
Sergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…
The proposed amendments to the Tax Code plan a 23% flat income tax, which in turn will reduce year-by-year and reach 20%, Deputy Minister of Finance Arman Poghosyan told lawmakers at hearings of the economic affairs committee. A representative of a civil society organization asked the official, which countries they’d observed in terms of experience…
SMT Best LLC has launched production of made-in-Armenia medical supplies. Thanks to the launch of the new production, 100 new jobs have been created. 20% of supplies produced in Armenia are consumed by the local market, while the rest is exported. While syringes, blood collection containers, insulin pen needles and other supplies are currently manufactured…
Ameriabank has opened a news branch in the town of Abovyan in Kotayk province. Kotayk governor Romanos Petrosyan, Abovyan mayor Vahagn Gevorgyan, customers of the bank, partners, other officials and guests attended the opening. The new branch is the seventh outside Yerevan, the capital, and is set to work Monday to Friday. The Abovyan branch…