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Business
Illegal alcohol and cigarette trafficking uncovered in Armenia (VIDEO)
The State Revenue Committee (SRC) of Armenia has uncovered cases of illegal circulation of beverages and tobacco products, the press service of the agency reported.
20.12.2024, 12:55
Economy
Armenian Tobacco Company launches cooperation with British Imperial Brands group
On August 8, Armenian Economy Minister Gevorg Papoyan attended the official launch of cooperation between Armenian Tobacco Company (ATC) and Reemtsma Cigarettenfabriken GmbH, a member of the British Imperial Brands group, the ministry’s press service reported.
08.08.2024, 18:50
Society
SRC stops illegal sale of cigarettes in Armenia (VIDEO)
Armenia's State Revenue Committee (SRC) said its employees have foiled an attempt to illegally sell cigarettes without excise stamps.
08.01.2024, 15:24
Economy
Armenia's processing industry's output ups 4.3% to 765.1 bln in 6 months
Armenia's processing industry grew to over 765.1 billion drams in the first half of 2023, up 4.3% compared to the same period last year, according to the National Statistical Committee.
08.08.2023, 11:57
Business
Armenian tobacco manufacturer Grand Tobacco invests 176.3 billion drams in expansion of production
The government of Armenia on Friday exempted major tobacco manufacturer Grand Tobacco LLC from customs duties on import of raw materials worth 176.3 billion drams.
21.04.2023, 16:23
Business
Armenian government orders to remove tobacco substitutes from shelves
The Armenian government approved today a decision that restricts the display, circulation and use of tobacco substitutes.
10.02.2022, 12:20
Economy
NSC: consumer prices in January 2022 were up 7.1% compared to January 2021
Consumer prices in Armenia rose by 7.1% in January 2022 compared to January 2021, and by 1.6% compared to December, 2020, according to the figures, released today by the National Statistical Committee (NSC).
07.02.2022, 14:54
Business
Retailers in Armenia to be fined 200,000-250,000 drams for breaching ban on public display of tobacco products
Retailers in Armenia will be fined to the tune of 200,000-250,000 drams (about $415-$520) for breaching the ban on open public display of tobacco products and their substitutes, the Market Surveillance Inspectorate said today.
04.01.2022, 18:43
Business
Ban on open display of tobacco products comes into force in Armenia
The ban on open display of tobacco products and their substitutes by retailers and public catering facilities has entered into force in Armenia on January 1, 2022. Arsen Torosyan, former Minister of Health and a member of the Armenian parliament, said in a Facebook post today.
03.01.2022, 14:39
Economy
Grand Tobacco tops the list of Armenia's 1000 largest corporate taxpayers in 2020
Armenia's 1000 largest corporate taxpayers paid over 987.637 billion drams in various taxes in 2020, down from 1.061.2 trillion drams they had paid in 2019, according to the numbers, released today by the State Revenue Committee (SRC).
20.01.2021, 17:11
Business
Armenia to harmonize excise tax rates on tobacco products with EEU requirements
Armenia's parliament has approved today the ratification of a Eurasian Economic Union (EEU) agreement on excise taxes on tobacco products, signed by EEU member countries in December 2019.
20.01.2021, 16:06
Business
Health ministry opposes parliament's plan to postpone entry of force of some provisions of anti-tobacco law
Armenia's Ministry of Health has spoken today against the National Assembly's plan to postpone the entry into force of some provisions of the anti-tobacco legislation, which were supposed to take effect on January 1, 2021.
18.12.2020, 17:00
Economy
Armenia's consumer prices grow by 1.69% year-on-year in November 2020
In November 2020, consumer prices in Armenia increased by 1.6% from the same month of 2019 and by 1.3% from October 2020, according to the latest numbers, released by the National Statistical Committee (NSC).
04.12.2020, 15:26
Business
Armenian government to ease state of emergency and allow reopening of some businesses
Armenian Deputy Prime Minister Tigran Avinyan, who is coordinating a government task force set up to enforce anti-coronavirus measures, said today that the state of emergency will be eased and the ban on some types of economic activity will be lifted.
13.04.2020, 17:38
Economy
EEC formalizes plan of actions to harmonize excise taxes for EEU member countries
The Eurasian Economic Commission (EEC), the executive arm of the Eurasian Economic Union (EEU), has formalized a plan of actions to harmonize excise taxes for EEU member countries, the head of EEU Board Tigran Sargsyan told RBC.
15.11.2019, 16:32
Society
The number of smokers in Armenia on the rise, minister says
Despite a number of government-supported anti-smoking programs, the number of smoking population in Armenia is on the rise, Health Minister Arsen Torosyan told a press conference convened to mark the World No Tobacco Day.
30.05.2018, 17:28
Business
Cigarette production in Armenia grows last year by 23.4 percent
Production of tobacco products in Armenia in January-November 2016 in comparable prices amounted to about 119.3 billion drams, having increased by 23.4% from the first 11 months of 2015, the National Statistical Service (NSS) said today.
12.01.2017, 16:43
Business
Grand Tobacco plant to cease producing cigarettes for one month - paper
In recent days, Grand Tobacco told its employees that production of cigarettes at the plant would be ceased for one month, Zhoghovurd (People) reports referring to its own sources inside the company.
03.05.2016, 13:22
Economy
Tobacco products worth amd 5.5 billion manufactured in armenia in jan-may 2012
Tobacco products worth AMD 5.5 billion in comparable prices have been manufactured in Armenia in Jan-May 2012 – 36.5% year-on-year growth, the National Statistical Service of Armenia reports.
14.07.2012, 05:14
Business
Armenian tobacco producer rise prices of cigarettes from 1st of January
Armenian tobacco producers have risen prices of locally made cigarettes from 1 January in connection with an increase in the excise tax rate, Vahram Brutyan, a press officer for Armenian-Canadian JV Grand Tobacco, told Novosti-Armenia news agency.
09.01.2012, 19:30
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Popular
Reforms aimed at diversifying exports, improving the business environment, strengthening governance, and advancing climate policy implementation are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director and Acting Chairman Bo Li.
IMF outlines measures to boost Armenia's economic resilience and growth
