“Crude Oil Prices Bounce Back after US Decline, Brent Hits $83.97 per Barrel”
Crude oil prices rebounded after a decline in the US market. Brent crude rose to $83.97 per barrel, while WTI crude reached $79.51 per barrel. Both benchmarks closed at their lowest levels since March 12th. International benchmark increased 0.4%, while the US benchmark dropped 1.5%.
“State Revenue Committee Reveals Tax Payments of Armenia’s Major Taxpayers: A Closer Look at Compliance and Contributions”
The State Revenue Committee has published tax indices of major Armenian taxpayers. This list provides insights into compliance, receipts, and payments. Note that it may not reflect the overall situation as it lacks comprehensive information. “Gazprom Armenia” and “Ardshinbank” are mentioned, while “Mobile Center” is omitted. Telecom operators like “Viva Cell,” “Ucom,” and “Telemcom Armenia” are also included. “Acba Bank” and “Ameriabank” exhibit significant production growth. “SIGARON” banking services operator shows improvement. For more information, refer to NEWS.am articles.
Armenia’s Top Taxpayers Revealed: Find Out Who Made the List and What it Means for the Economy
The Public Revenue Committee has published the tax indicators for the top 1000 taxpayers in Armenia from January-March 2024. This data provides insights into the country’s economy, but may not capture the complete picture. Banks and telecom operators remain prominent taxpayers, while agriculture also features. For more information, visit news.am.
“Armenian Central Bank Slashes Refinancing Rate to Boost Economy: Lowest in Years”
Armenia’s central bank reduces refinancing rate to 8.25%. Lombard repo operations at 9.75%. Banks’ market operation rate at 6.75%. News from Armenia.
Fast Bank Launches 100,000 AMD Coupon Bonds with Guaranteed Returns for Investors
Fast Bank to distribute 100k AMD coupon bonds with 11% annual yield. Bonds available in 30 branches or through intermediaries. Must provide identification, taxpayer info, and bank account details to acquire. Funds guaranteed by Deposit Guarantee Fund. Visit Fast Bank’s website for more info.
“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.