Turkey Falls into the Financial Action Task Force (FATF) Blacklist, Jeopardizing International Reputation and Investment Potential
Turkey’s inclusion in FATF blacklist on combating money laundering will harm its international reputation and investment potential, says Minister of Finance Mehmet Simsek.
Armenian Government Allocates 680 Million Drams Annually for Mandatory Expenses: Minister of Finance Raises Concerns over Business Development
Armenia’s government spends 680 million drams annually on mandatory expenses, according to Finance Minister Vahram Hovhannisyan. Despite this, the impact on business development is unclear. Comparatively, taxes paid in developed countries are significantly higher, with Armenia’s mandatory taxes at 23.9%. The focus should be on reducing non-pecuniary burdens and promoting comprehensive development.
“Armenian National Assembly Engages in Heated Discussions on 2023 State Budget Execution: Ministers and Key Officials Present”
Discussions on Armenia’s 2023 budget execution continue in the National Assembly, featuring ministers of finance, economy, education, defense, and others. Get the latest news on NEWS.am!
“Finance Minister Vahe Hovhannisyan Takes Charge: Draft Budget Unveiled by Prime Minister Pashinyan”
Armenia’s Finance Minister, Vahe Hovhannisyan, will present the draft budget as ordered by Prime Minister Nikol Pashinyan. Hovhannisyan will also be responsible for executing the budget from 2022-2023. During this time, Arman Poghosyan will replace him. Stay informed with NEWS.am.
Armenia’s EU Grants Reach Staggering 10.186 Billion AMD: Finance Minister Announces Details at National Assembly Session
Armenia has received 10.186 billion drams in grants from the EU, with targeted grants making up 77.7% of the total. According to Vahan Sargsyan, Minister of Finance, the funds were given to both countries and organizations. Find out more here.
Finance Minister announces significant increase in budget allocation for Prime Minister’s staff in Armenia
The Prime Minister of Armenia’s staff will receive 21.1 billion drams from the state budget in 2023, with a budget utilization rate of 95.3%. Minister of Finance Vahé Hovhannisyan announced this during a discussion in the National Assembly. Find out more on NEWS.am.
“Record-Breaking: Labor and Social Affairs Budget for 2023 Hits 705.6 Billion Drams, Minister of Finance Announces”
The labor and social affairs budget for 2023 is 705.6 billion drams, the largest allocation to date. The Minister of Finance announced this during a parliamentary committee meeting, mentioning a 15% increase from 2022. Over 100 programs have been implemented. Find this news on Telegram.
“Minister of Finance highlights crucial role of auditors and expert accountants in government implementation at annual meeting”
Armenia’s Minister of Finance, Vahram Hakobyan, emphasized the importance of auditing in effective governance during a meeting with auditors and expert accountants. The Palace President also presented a report on the palace’s 2023 activity. Stay updated with NEWS.am on Telegram.
“Armenian Minister of Finance and FREAD Executive Director Discuss Multi-Million Dollar Border Road Construction Project”
Armenian Finance Minister, Vacheh Hovhannisyan, welcomed FREAD’s Executive Director, Andrei Shirikov, to discuss the Yerevan-Yeraskh-Goris-Meghri road project and financing options. A memorandum of understanding was signed for a $100 million loan from the US to FREAD, a regional financial institution promoting economic stability and development.
“Armenia Aims to Reduce Tax Burden Disparity, Finance Minister Pushes for Reform”
The Minister of Finance in Armenia proposed reducing the tax burden to promote fairness. This includes lowering the progressive tax rate and implementing stricter document verification. Simplifying the transition from property tax to general tax system was also discussed. Positive feedback was received from the Standing Committee on Economic Affairs.