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Ministry of Economy

Business Finance Government

“Armenian Ministry of Economy Proposes Sweeping Changes to Loan Management, Including Support for Rural Enterprises and Gambling Activities”

The Ministry of Economy proposes changes in managing the Economy Ministry’s 2019 N201-L decision. The draft aims to provide grants for loans to rural enterprises and subsidize interest rates. The project offers amendments for subsidizing loans for gamblers until December 2024 and additional loans for agricultural production and conservation activities.

Business Economy Finance

Armenia Sees Significant Increase in Individuals Subject to Mandatory Taxation, Reports NEWS.am

The number of individuals subject to taxation in Armenia increased by 4.7% compared to last year. The tax base also saw an 11.7% increase, totaling AMD 223.2 billion. For more information, visit NEWS.am.

Around the Globle

“Ministry of Economy Takes Action: Fish Farm Distribution and Contamination Monitoring Underway in Gegharkunik Province”

Experts from the Ministry of Economy in Gegharkunik province are assessing contamination in fish farms through monitoring activities. Timely measures to protect the farms and prevent destruction are being considered, including chemical interventions and relocation recommendations. Read more in the news.

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Armenian-American Joint Economic Committee Discusses Trade and Investment Expansion in Second Session

The second session of the Armenian-American Joint Economic Committee in Los Angeles discussed expanded trade, investment, and cooperation in various sectors. The meeting emphasized Armenia’s view of the UAE as an important partner, with a focus on agriculture and diversifying Armenian products in the UAE market.

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Armenia’s Ministry of Economy Unveils Ambitious Project to Revolutionize Waste Management and Boost Economy

The Ministry of Economy of Armenia presents a project to enhance waste management. Current methods are insufficient, leading to disease spread. 250k waste management facilities are needed. The government plans to encourage waste collection in certain provinces. The proposed program aims to improve waste management, produce high-quality honey, utilize natural resources, and protect valuable waste. AMD 320 million budget is required for implementation. For more information, visit NEWS.am on Telegram.

Business International Politics

“Ministry of Economy and “Lidian Armenia” Set to Sign Agreement Transferring Shares: A Closer Look at the Technical Hurdles”

Discover the latest update on the transfer of shares of “Lidian Armenia” company to its management. Find out about the technical problems delaying the process and the expected signing of the agreement. Stay tuned for more information on the mediation outcome.

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“Economic Cooperation in Focus: Armenian Ministry of Economy Representative Meets with Regional Governor”

The Ministry of Economy of Armenia and the regional administration met to discuss their cooperation and achievements. They emphasized the importance of partnership and highlighted progress in transportation infrastructure and local development programs. Further discussions on high technologies and other areas of cooperation are scheduled for April.

Politics

“RA Minister of Economy and Head of EU Delegation Discuss Strengthening Bilateral Cooperation”

RA Minister of Economy, Vahan Hovhannisyan, met with Klaus Nowack, EU Head of Delegation to Armenia. This meeting strengthens bilateral cooperation in multiple sectors, including social, healthcare, and environmental. The Program of Cooperation Actions between Armenia and the EU for 2023-2026 aims to enhance human rights, governance, and economic development. The EU continues to support institutional reforms, fight against corruption, and improve healthcare and education systems in Armenia. The program has a budget of EUR 22.3 million, with part allocated for Nagorno-Karabakh conflict internally displaced persons.

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“Armenia’s Ministry of Economy Takes Action to Aid Local Communities and Agricultural Sector amid Livestock, Poultry, and Honey Bee Diseases”

The Ministry of Economy of Armenia supports local self-governing bodies and agricultural workers facing challenges related to livestock, poultry, honey bees, and pest control. They emphasize advance notification of chemical use and associated risks. – 159 characters

Economy Government Politics

PM Pashinyan Celebrates New Minister’s Appointment and Vows Action Against Corruption

Prime Minister Nikol Pashinyan meets Deputy Prime Minister Mher Grigoryan at the Ministry of Economy. Congratulates newly appointed Minister Georg Papoyan. Discussions on corruption issues.