Over thousand of Armenian economic entities on list of risky companies with ‘shadow’

Over thousand of Armenian economic entities on list of risky companies with ‘shadow’

YEREVAN, July 4. /ARKA/. More than a thousand of economic entities have been included in the list of risky companies with ‘shadow’ turnover, Armenia’s first deputy minister of finance Armen Alaverdyan told reporters on Thursday.

In mid May Armenia’s premier Hovik Abrahamyan set a deadline (by 1st of July) for businessmen and bankers to come out f the ‘shadow’, otherwise, the government will use its instruments for solving the problems it faces.

Some economic entities admitted the violations found and are ready to make the required changes, but the other part does not agree and see no shortcomings in their reports, Alaverdyan said.

The deputy minister said they focused on importers and producers in their inspections and found about 1,200-1,300 companies are willing to revise their turnover, staffing and pay indicators. Some 600-700 companies oppose the results of the monitoring and the ministry of finance is going to prove there are violations.

Alaverdyan said the ministry is currently working with both types of companies. Respective sanctions will be applied to offenders by the end of this year, he said.

According to Armenia’s ombudsman, ‘shadow’ economy is about 35-40% in the country. –0--


11:57 04.07.2014

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