Prime minister promises support for domestic producers

Prime minister promises support for domestic producers

YEREVAN, June 20. / ARKA /. Armenian Prime Minister Hovik Abrahamyan reiterated today that his government would promote domestic producers, and strictly punish companies for shadow activities.

Speaking to reporters on the sidelines of Digitec 2014 IT forum in Yerevan he pledged continued support for information technology sector because ‘this segment has a great future.’

"The IT sector is very important for the economy. It is our crude oil, gas and sea," he said.

The prime minister said the government has initiated legislative changes designed to provide various privileges to small and medium-sized businesses. He argued that this approach would help minimize the shadow turnover in large companies.

"We do not look at SMEs as taxpayers - our aim is to ensure level playing field for all,” said Abrahamyan.

During a meeting with the country’s 100 wealthiest business people last month Abrahamyan’s cabinet set July1 as a deadline for large companies to stop evading taxes and abusing their market positions warning that otherwise they would face a tougher crackdown by tax authorities. 

“We agreed that everyone must operate on an equal footing and do everything to come out of the shadow,” Abrahamyan was quoted as saying by the government.  -0- 

16:06 20.06.2014

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