#ARMENIA
Armenia’s National Security Council approves draft concept on management of natural resources
A meeting of Armenia’s National Security Council (NSC), convened by president Serzh Sargsyan, who is also chairman of the Council, has approved today a draft concept on the management of natural resources, presented by the minister of energy infrastructure and natural resources Ashot Manukyan.Money transfers to Armenia slash by 38 percent over last three years
The amount of money transfers sent to Armenia mostly by labor migrant in Russia and some other countries has slashed by 38 percent over the past three years, finance minister Vardan Aramyan said on Monday during a parliament discussion on the execution of 2016 state budget.Armenian government’s focus to be on investments and reforms, central bank chairman says
The government of Armenia’s focus will be on investments and reforms in order to ensure high and stable economic growth, Central Bank chairman Artur Javadyan said today during a parliament discussion on 2016 state budget execution.Bringing three million tourists to Armenia would provide $1.8 billion GDP growth, economist says
An Armenian economist Vilen Khachatryan has questioned today the government’s plan to bring as many as 3 million foreign tourists to the country saying in order to achieve this target, set by the government’s plan of actions for 2017-2022, the number of tourists visiting Armenia must grow by 300,000 annually.European Union releases two million euros for development of Armenian civil society organizations
The European Union has released two million euros for the implementation of the BRIDGE for CSOs program, aimed at the development of Armenian civil society organizations, the head of the EU Delegation to Armenia, ambassador Piotr Switalski said today.Government exempts two Armenian companies from payment of customs duties
Lydian Armenia mining company has invested more than 44 billion drams in the development of the Amulsar gold mine and is going to invest another 180 million drams, Minister of Economic Development and Investment of Armenia Suren Karayan told a cabinet session today.Two Armenian companies pledge to invest $200 million in construction of greenhouses and cheese plant
Yerevan Mayor Taron Margaryan said at a government meeting on Friday that two companies – Spayka Holding and Armsunproduct – had asked the municipality to allocate them 163.2 hectares of land near Noragavit neighborhood in Yerevan for the construction of greenhouses and a cheese plant.Increase in share of taxes in GDP to cut shadow economy- MP says
The planned increase in the share of taxes in Armenia's GDP by 2.5 pp. is supposed to cut the shadow sector and improve business environment for investors, Gagik Minasyan, the head of a parliamentary committee on financial, credit and budgetary issues from the Republican Party of Armenia, told a news conference today.Government seeks to increase release of irrigation water from Lake Sevan by 100 million cubic meters
The Armenian government approved today a set of amendments to the draft law "On Annual and Comprehensive Program of Measures for the Restoration, Conservation, Reproduction and Utilization of the Lake Sevan Ecosystem,’ which, if approved by the parliament, would allow to pump out 100 million cubic meters of irrigation water additionally from the lake in addition to 170 million, permitted by the law.Armenia to become regional electricity hub
After the Iran-Armenia and Armenia-Georgia power transmission lines are put into operation, Armenia will become a regional electricity hub for the three countries, Armenia’s Ministry of Energy Infrastructure and Natural Resources said today in a press release.News 15641 - 15660 of 18476
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