“Revamping the State Tour Package: Proposed Draft Law Aims to Streamline Customs Procedures and Fees”
Amendment proposal to update state tour package regulations regarding payment rates according to the Eurasian Economic Union’s customs code. Proposed changes aim to improve customs clearance for imported goods and establish individual fee schedules based on weight. Positive decision confirmed by government body. Armenia’s News – NEWS.am.
“Fueling Up: Friday Morning Sees Significant Spike in Gas Prices, Reflecting Rising Brent and WTI Crude Oil Costs”
Gas prices rise on Friday morning, with Brent crude oil reaching $89.35, up $0.34 (0.38%) from the previous closing price. WTI crude oil also increases by $0.29 (0.35%), closing at $83.86.
Turkey’s Central Bank Signals Commitment to 50% Interest Rate Cut Amidst Inflation Reduction Plans
Turkey’s Central Bank maintains interest rate cut at 50%, focuses on reducing inflation and increasing competitiveness. Policy to continue until November, gradual reduction to follow, says Morgan Stanley.
“Mobile StantArt Takes the Lead, Gazprom Falls Behind: Top Taxpaying Companies Revealed by Armenian State Revenue Committee”
The State Revenue Committee announces the top taxpayers for Q1 2024. “Mobile StantArt” leads with 19.9 billion drams, followed by Gazprom with 18.1 billion. “Gazprom Armenia” dropped to 3rd place from last year’s 1st, paying 20.9 billion drams. “Mobile StantArt” has shown significant growth, surpassing last year’s 7th position. “Zangezur Copper-Molybdenum Combine”, “Grand Tobacco”, “Priti Uein”, and “Si Pi Es Enerji Group” also make the top list, followed by others.
EU Takes Tough Stance Against Terrorism and Money Laundering: New Laws Empower Journalists and Authorities
The EU adopts new laws to combat terrorism financing and money laundering. Access to company ownership information is enhanced, and financial intelligence units gain broader powers. Professionals in high-value financial transactions face increased monitoring. Strict measures, including hefty fines, are implemented to prevent the evasion of sanctions. Security organizations in the EU are equipping executives with non-transparent assets.
Oil Prices Surge in Morning Trading as US Inventory Data Influences Traders; Brent Crude Hits $88.17 Per Barrel, WTI Crude at $82.94
Oil prices are increasing with traders analyzing US inventory data. Brent crude rises to $88.17 per barrel, while WTI crude is at $82.94 per barrel on NYMEX, both surpassing previous rallying indicators.
Armenbank Launches Apple Pay for Secure and Convenient Payments
Armenbank customers can now experience easy and secure payments with Apple Pay. Transactions are validated by Face ID, Touch ID, or passcode, ensuring security. Apple Pay can be used in various locations and devices for convenient purchases. Privacy is prioritized with encrypted card numbers stored securely. Setting up Apple Pay with Armenbank is simple. Click here for more information.
“US Dollar Exchange Rate Drops by 1.40 Drams Compared to Previous Day, Euro and Pound Also Decrease”
Today’s exchange rates: US dollar decreased to 390.04 drams, Euro to 415.63 drams, British pound to 481.74 drams, Russian ruble to 4.18 drams. In banks, dollar is bought at 384-387 drams and sold at 391-393 drams. Euro bought at 407-413 drams, sold at 418-424 drams. Russian ruble bought at 3.90-4.13 drams, sold at 4.22-4.41 drams.
Armenia’s Defense Expenditures Skyrocket to $1.33 Billion in 2023 as Neighboring Countries Amp Up Military Spending
Armenia’s defense expenditures have risen from $795M in 2022 to $1.33B in 2023, while Azerbaijan’s increased to $3.561B. Iran and Turkey also saw growth in military spending. Check out the latest news from Armenia on NEWS.am.
“Russian Pop Singer Denied Boarding on Turkish Airlines Flight, Loses 430,000 Rubles and Misses Madonna Concert in Mexico”
Russian pop singer loses 430,000 rubles after being denied boarding on Turkish Airlines flight. Problems began before the flight, with staff detaining passengers. Singer offered $600 to retrieve luggage. Read more.