All news tagged SHADOW ECONOMY

Economy

Size of Armenia's 'shadow' economy estimated to be equal to 20% of GDP - head of SRC

The size of Armenia's 'shadow' economy is estimated currently to be equal to 20% of the country's gross domestic product, the chairman of the State Revenue Committee (SRC) Eduard Hakobyan revealed today.

22.05.2025, 17:12

Economy

Shadow economy activity in Armenia estimated at about 240 bln drams – head of SRC

Armenia has a shadow economy with a turnover of about 240 billion drams, Head of the State Revenue Committee (SRC) Rustam Badasyan said on Tuesday.

31.10.2023, 14:51

Economy

Armenia's shadow economy halved, official says

The share of shadow economy in Armenian has slashed from 40% to about 20% now, Deputy Chairman of the State Revenue Committee Edward Hovhannisyan said at a press conference on Tuesday.

17.12.2019, 14:25

Economy

Armenia's shadow economy estimated at 22 percent

The share of Armenia's so-called shadow economy is estimated now at 22%, with small and medium-sized businesses accounting for the bulk of it, David Ananyan, the head of the State Revenue Committee, told reporters on Wednesday.

16.10.2019, 16:29

Economy

SRC head explains discrepancy in Pashinyan and official statistics

The head of Armenia’s State Revenue Committee (SRC) David Ananyan provided an explanation for a discrepancy in the figures about the share of the country’s shadow economy, voiced by Prime Minister Nikol Pashinyan and the National Statistical Committee.

29.03.2019, 16:46

Economy

There is money in Armenia, Pashinyan says

There is money in Armenia, but it is not where it should be, Prime Minister Nikol Pashinyan said at a government meeting on Thursday in response to Finance Minister Atom Janjughazyan’s comment.

24.05.2018, 16:39

Economy

Thirty percent of Armenian economy is clandestine- economist says

About 30% of Armenia’ economy is still not taxed, Grant Mikaelyan, a researcher at the Caucasus Institute, told ARKA today at the presentation of his book called "The Shadow Economy in Armenia."

25.05.2017, 16:18

Business

Shadow economic activity among large Armenian taxpayers cut by 15 percent – SRC says

The so-called shadow economic activity among Armenia’s large taxpayers has been cut by more than 15% in the first quarter of the year, the head of the State Revenue Committee (SRC) Vardan Harutyunyan said today.

11.05.2017, 18:09

Economy

Creation of 100,000 jobs could half poverty level in Armenia

Creation of 100 thousand jobs can help halve the poverty in Armenia, Gagik Makaryan, the head of the National Union of Employers, told a news conference today. He said in order to reduce poverty the government should take drastic measures.

22.02.2017, 19:02

Economy

Government expects to recover 24 billion drams from shadow economy

The government of Armenia expects to raise additional 20-24 billion drams in 2017 through the stepped up fight against the shadow economy, finance minister Vardan Aramyan said today at a parliamentary debate on next year’s draft budget.

17.11.2016, 19:13

Economy

SRC chief vows to fight against shadow economy

The head of Armenia’s State Revenue Committee Vardan Harutyunyan told reporters on Monday that he was determined to fight the "shadow" economy and the oligarchs.

07.11.2016, 19:01

Economy

Expert: new income tax model to lessen shady dealing in Armenia at ordinary people’s expense

Vazgen Safaryan, head of the Union of Domestic Commodity Producers, thinks that the new income tax model to be introduced in Armenia in the beginning of the next year will lessen shadow economy, mainly at the expense of ordinary people.

19.09.2012, 20:34

#SHADOW ECONOMY

Size of Armenia's 'shadow' economy estimated to be equal to 20% of GDP - head of SRC

Shadow economy activity in Armenia estimated at about 240 bln drams – head of SRC

Armenia's shadow economy halved, official says

Armenia's shadow economy estimated at 22 percent

SRC head explains discrepancy in Pashinyan and official statistics

There is money in Armenia, Pashinyan says

Thirty percent of Armenian economy is clandestine- economist says

Shadow economic activity among large Armenian taxpayers cut by 15 percent – SRC says

Creation of 100,000 jobs could half poverty level in Armenia

Government expects to recover 24 billion drams from shadow economy

SRC chief vows to fight against shadow economy

Expert: new income tax model to lessen shady dealing in Armenia at ordinary people’s expense

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