Search result 1 - 50 of 66
First | Prev. | 1 2 | Next | Last
Armenian prime minister’s office publicizes the three memoranda of understanding signed on August 8 between Armenia and the United States
... infrastructure and border security priorities, including: • Encouraging private sector investment; • Increasing efficiency of customs control and border security cooperation and capacity building, including to combat illicit trafficking and smuggling; ... ... consultations, including at the expert and senior levels to review progress and identify new opportunities for collaboration. 5. Effect of MOU: Nothing in this MOU gives rise to rights or obligations under international or domestic law. The Participants specifically ...
08/29/2025Some Armenian exports sectors may suffer due to US tariffs on Armenian goods - expert
The introduction of customs duties on goods from Armenia by U.S. President Donald Trump will lead to an increase in prices for Armenian goods on the ... ... estimated at 52%, with a retaliatory rate of 26%. Russia is not on the list. Trump announced that the new customs duties will take effect on April 5.
04/03/2025Third Eurasian Economic Forum starts in Yerevan
... organizations, stimulating export potential, forming cooperative ties between economic entities and achieving a synergistic effect with a comparison of investment and innovation potential. The forum's business program includes about 30 events. The ... ... issues of integration processes in the EAEU. EAEU is an international integration economic union created on the basis of the Customs Union and the Common Economic Space. The members of the EAEU are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. ...
09/30/2024Armenian and Turkish special envoys meeting on border
... today's talks from official sources. Earlier, the Armenian authorities announced the completion of the modernisation of ‘Margara’ customs checkpoint, which was estimated at 1 billion Armenian drams. At their previous meeting on July 1, 2022 in Vienna, ... ... direct air cargo trade between Armenia and Turkey at the earliest possible date and decided to initiate the necessary process to that effect. Furthermore, they discussed other possible concrete steps that can be undertaken towards achieving the ultimate ...
07/30/2024US Representatives call on President Biden to condemn Azerbaijan’s ethnic cleansing of Nagorno-Karabakh Armenians
... Armenians’ right to live in their ancient homeland in peace and freedom and to practice their own faith, follow their own customs and speak their own language,” said Representative Chris Smith, who chaired two congressional hearings last year on ... ... 100,000 Armenians as an act of ethnic cleansing, and calls on the Administration to make a public determination to the same effect. Additionally, the resolution urges the United States to facilitate a just and lasting peace in the South Caucasus that ...
06/28/2024Russia imposes temporary ban on sugar exports. Armenia not affected
... chemically pure sucrose, TASS reports citing a decree of the Russian Cabinet of Ministers. "The restriction will be in effect until August 31, 2024. The decision is aimed at maintaining the stability of the domestic food market," the statement ... ... Kazakhstan, and 28.5 thousand tons to Kyrgyzstan. The decision to temporarily ban sugar exports was approved by the subcommittee on customs-tariff and non-tariff regulation, protective measures in foreign trade.-0-
05/06/2024Opening of Armenian-Turkish border may have positive economic effect, but uncertainty in the future is high - ex-deputy prime minister
... about the risks, Gabrielyan noted that an agreement with Turkey would bring forward the question of whether Armenia will remain a member of the Eurasian Economic Union (EEU). "If it is assumed that it leaves the EEU, there is a question of other customs regimes, other relations and competition between Armenian and Turkish goods. If we remain in the EEU, other issues arise, for example, the natural gas price, shipped to Armenia from Russia,’ he explained. Gabrielyan said that for him the degree ...
11/03/2023Armenian government sets quotas for exports of precious metals to third countries
The Armenian government has set quotas for precious metals and metals coated with precious metals, which are exported to third countries using the outward processing customs procedure. YEREVAN, May 11. /ARKA/. The Armenian government has set quotas for precious metals and metals coated with precious metals, which are exported to third countries using the outward processing customs procedure. A decision to this effect was taken on Thursday at a regular meeting of the government. The decision provides for a non-tariff quota in the case of 1,200 kg of precious metals or metals coated with precious metals and 5000 kg of silver (unprocessed). The government said ...
05/11/2023EBRD Vice President: the Bank has invested over €2 billion euros in 205 projects in Armenia to date - EXCLUSIVE
... its road infrastructure, but also by enhancing its northern and southern border crossings, and by improving of its nationwide customs system. Recently, Prime Ministers of Georgia and Armenia opened the Friendship Bridge at the Bagratashen border crossing.... ... authorities have been equally successful in adopting timely fiscal, financial, and monetary policy measures, containing the effects of these crises. This is not new. Armenia has a long and impressive track record of sound regulatory decision making, ...
01/18/2023Eurasian Development Bank council agrees to reduce Russia’s stake - document
... member states more closely. The trade aspect of the bank’s work became of particular importance following the launch of the Customs Union on January 1, 2010, which later became the Eurasia Economic Union (EUU), the east’s version of the EU. The redistribution ... ... member countries. The EDB's charter capital totals $7bn. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The ...
01/09/2023Armenia appoints new customs attaché to Upper Lars border checkpoint
Vahan Hakobyan has been appointed new customs attaché at the Armenian embassy in the Russian Federation. YEREVAN, October 20. /ARKA/. Vahan Hakobyan has been appointed new customs attaché at the Armenian embassy in the Russian Federation. A decision to this effect was made at Thursday's meeting of the Armenian government. Hakobyan will hold this position for three years. Vahan Hakobyan is replacing Aram Tananyan, who was dismissed on June 17, 2022. The attaché is deployed at the Upper Lars checkpoint on ...
10/20/2022Eurasian Economic Commission extends duty-free imports of certain types of passenger aircraft until 2031
... makes airlines adjust previously made plans for the purchase of aircraft. He said the exemption will also have a restraining effect on the growth of the cost of transportation for citizens "and will help increase the competitiveness of EEC airlines ... ... turboprop airliners with up to 90 seats are the European ATR 72 and the Canadian Bombardier DHC-8. This privilege introduced by the Customs Union Commission in 2009 was used by Kazakhstan, Belarus, Armenia and Kyrgyzstan. Russian air carriers until the imposition ...
06/10/2022Japan does not understand how Russia will execute ruble's payments for natural gas sold to 'unfriendly' countries – minister
... session, according to Russian Interfax news agency. According to him, the government will closely monitor the "spillover effect" of Japan's sanctions imposed against Russia on the country's economy and financial markets, and take appropriate ... ... retaliation for Western sanctions. Russia currently exports about $10 billion worth of gas per month. According to the Russian Federal Customs Service, Gazprom exported $6 billion worth of gas to unfriendly countries in January. -0-
03/24/2022Russia imposes temporary ban on export of grain, sugar to EEU, third countries
... countries. The corresponding orders were signed by Prime Minister Mikhail Mishustin. The restrictions on grain will remain in effect until June 30, on sugar - until August 31, 2022," the statement says. According to the press office, the grain ban ... ... March 10, the export ban was approved by the Government Commission on economic development and integration’s subcommission on customs tariff and non-tariff regulation and foreign trade protective measures. "The decision was made in order to protect ...
03/15/2022Armenian Prime Minister sets up working group to deal with resumption of railway from Armenia to Azerbaijan
... Nakhichevan exclave of Azerbaijan and across the Meghri sub-region of the southern Armenian province of Syunik. The decision to that effect has been published on the website of the Armenian government. The 10-member working group is led by Artashes Tumanyan, ... ... in Azerbaijan proper. According to Pashinyan, the railroad will operate in accordance with accepted international border and customs rules on the principle of reciprocity under the sovereignty and jurisdiction of the countries. Armenia will gain access ...
01/17/2022Dmitry Volvach: elimination of barriers among EEU member countries could have economic effect of up to $21 billion
... January 14. /ARKA/. Elimination of barriers among the Eurasian Economic Union’s (EEU) member countries could have an economic effect of up to $21 billion, Russian Deputy Minister of Economic Development Dmitry Volvach said at a meeting of the Gaidar Forum, according to TASS. "Elimination of barriers through the synchronization of national regulations, the abolition of customs duties, the establishment of uniform requirements for products, mutual recognition of permits has a concrete quantitative ...
01/14/2022Termination of GSP + trade preferences in Armenia-EU relations is a step backward- ex deputy minister
... trade to ensure some kind of compensation. Melkonyan noted that not only the GSP + regime is terminating but also its predecessor –the GSP regime and it means that from January 1, 2022 Armenia will have such a package of trade settlements and the customs rate with EU that it has with other World Trade Organization (WTO) member countries. "That means all the basic customs duties will come into effect on January 1," he explained. Karen Azaryan, who is responsible for trade issues at the EU Delegation to Armenia, drew attention to the positive role that the GSP+ regime has had on the Armenian economy and the diversification of its exports....
12/24/2021EEC cancels import customs duty rates on a string of goods for 2 years
... Commission (EEC) Board, the executive arm of the Russia-dominated Eurasian Economic Union (EEU), said it has cancelled import customs duties on several groups of goods for a two-year period, starting from January 2, 2022, TASS reported with reference ... ... been reduced from 8% to 0% on certain types of transformers used for the production of microwave ovens. The measure will be in effect until December 31, 2023, inclusive. The import customs duty rate on certain types of phosphoric acid esters and their compounds ...
10/29/2021Russian deputy prime minister: reopening of transport links will make Armenia major international transport hub
... is also related to legal issues. There are no diplomatic relations between Azerbaijan and Armenia, there are no checkpoints, customs, everything that usually is between neighboring countries. According to him, these accumulated and painful problems need ... ... are signed, the representatives of Armenia and Azerbaijan make reservations about each other, excluding the extension of the effect of these agreements to the opposite side. Such clauses, which hinder the implementation of transport links between the ...
06/11/2021Armenian State Revenue Committee warns citizens against trying to smuggle in Turkish goods
... conflict. SRC chairman's warning comes as Georgia reopened its land borders from June 1. According to Hovhannisyan, the ban is in effect, including goods for personal use. According to him, suitcases and personal belongings of passengers entering Armenia from ... ... documentation. If Turkish products are identified, their import is banned and if there is no suspicion, they are allowed in as the customs authorities cannot determine the country of origin by outward appearance," Hovhannisyan said. According to Armenian ...
06/02/2021Armenian State Revenue Committee explained some terms of ban on Turkish origin goods
... dated from October 20 of this year. This prohibition will not apply to goods imported before December 31, only if, all necessary customs procedures are carried out with respect to these goods by December 31, in particular, they are declared under the customs ... ... the Armenian government introduced an embargo on the import of Turkish goods into the country on October 21, which will be in effect from December 31, 2020 for a period of 6 months. The need to take this measure was prompted by the fact that the Turkish ...
12/25/2020Taxes paid by Armenia's largest taxpayers up 37 percent over last two years
... expenditures in order to understand how correctly and clearly they are used and whether they give the corresponding multiplier effect. “There are still many unresolved issues, and much remains to be done,” Pashinyan emphasized. According to the State ... ... amount, about 202.793 billion drams were collected directly by the tax authorities, and about 42.839 billion drams - by the customs authorities. ($1 - 479.81 drams) .-- 0--
04/23/2020US Department of State’s report on human rights practices for 2018 says there are no political prisoners in Armenia
... television stations. While he did not mention any specific channels, according to some media watchdogs, the statement had a chilling effect on the media climate. It says broadcast and larger-circulation print media generally lacked diversity of political opinion ... ... allegations of embezzlement of state funds, the involvement of government officials in questionable business activities, and tax and customs privileges for government-linked companies. It says also Prime Minister Pashinyan’s government gave new impetus to accountability ...
03/14/2019Expert: Armenia needs to be more active in presenting its business legislation to entrepreneurs from Iran
... business and relating legislation to entrepreneurs from Iran. "Iranian businessmen should be well aware of Armenian laws, customs duties and other issues of their interest," said Israelyan. According to him, creation of an electronic platform ... ... Meghri in southern Armenia, on border with Iran, is beginning to play a bigger role. “The agreement will give an economic effect only after companies start registering in the free trade zone If there is no communication, no cooperation, then no economic ...
02/25/2019Armenia’s SRC to use new customs clearance mechanisms for imported vehicles based on invoices
... Revenue Committee (SRC) David Ananyan told a news conference today that beginning from January 2019 the SRC began to use new customs clearance mechanisms for imported cars based on their invoices. YEREVAN, January 10. /ARKA/. The head of Armenia’s ... ... January 2020 the imports of vehicles are expected to be on the rise, prompted by uniform customs clearance rules that will take effect for all member countries of the Eurasian Economic Union.--0--
01/10/2019Government of Armenia increases limit of products imported by individuals
... government of Armenia at a meeting today decided to increase the limit of products imported by individuals, which are not subject to customs clearance. YEREVAN, August 9. /ARKA/. The government of Armenia at a meeting today decided to increase the limit ... ... decision also notes that in the case of more stringent national standards, the Eurasian Economic Commission’s norms are in effect, which is the case with Armenia. According to him, the current national limit of products of animal origin is 3 kg, which ...
08/09/2018Prices for Armenia-made cigarettes expected to go 15% up before September - exclusive
... the local market – products with the new excise rate are put on sale. Other goods will also become more expensive, since customs duty has been changed as well. Pointing out that the changed excise rate has its share in formation of prices for tobacco ... ... come to terms with new prices. “Maybe low-income persons will reduce their addiction to smoking, and this will have positive effect on their health,” Pipoyan said. “But it is difficult to speak about any direct economic impact from increase in prices ...
04/06/2018USA renews GSP program for Armenia
... beneficiary countries and territories. Since the renewal of the GSP is retroactive, suppliers should apply for a refund of the customs duties paid before the renewal (from January 1 to April 22, 2018). Relevant applications must be submitted before October ... ... countries and was implemented on January 1, 1976. The GSP periodically expires and must be renewed by Congress to remain in effect.-0-
03/30/2018Armenian government to facilitate customs procedures
Armenia's State Revenue Committee has drafted a bill simplifying customs procedures. YEREVAN, February 1. /ARKA/. Armenia's State Revenue Committee has drafted a bill simplifying customs procedures.... ... these procedures is significantly reduced for business," Mirumyan said, noting that this decision will have a positive effect on the business environment. The draft law was praised by Prime Minister Karen Karapetyan, who said he was sure that this ...
02/01/2018Ruben Vardanyan creating operator for tax free in Russia
... that the launch of Tax Free system will enhance competitiveness of Russia, as tourist destination, and will have a positive effect on the country’s economy. The company says that the launch of the system will make it possible to attract more tourists ... ... when another VAT period began. Online paperwork among all the participants of Tax Free – retailer, system operator, Federal Customs Service, Federal Tax Agency and purchaser will start operating only in October 2018. --0---
02/01/2018Armenian central bank keeps key refinancing rate unchanged at 6 percent
... and inflationary expectations, the regulator said. The Central Bank said it is expedient to maintain the current stimulating level of monetary conditions, taking into account the need to ensure the stability of demand recovery and the overestimated effect of changes in excise rates and customs duties on inflation expectations. At the same time, the regulator said in accordance with the forecasted events in the near future, it will be necessary to gradually neutralize the stimulating monetary and credit conditions for achieving the medium-term ...
12/26/2017Consumer prices in Armenia to go up in January
Prices for a number of primary consumption goods will jump in one month because the Eurasian Economic Union’s customs duty rates will come into force on January 1, 2018. YEREVAN, December 5. /ARKA/. Prices for a number of primary consumption ... ... instead of Zealand butter. As for inflation, he again finds it not so high. Asked what steps will be taken to cushion inflation effect, Azizyan said that new jobs will be created – the more people work the more products they consume. Artak Manukyan, an ...
12/05/2017Senior EU diplomat says Armenian citizens to feel benefits of CEPA over time
... market economy and make the Armenian market more attractive for European companies, which all together would have a positive effect on the life of every citizen. He added that the agreement opens up new opportunities, but it is also very important that ... ... but on September 3 Armenian president Serzh Sargsyan announced that the country was going to become part of the Russian-led Customs Union. On December 7, 2015 Armenia and the EU launched talks on a new framework agreement after EU Foreign Affairs Council ...
11/27/2017President: situation in the world and Russian economy reduced anticipated effect from Armenia’s membership in EEU
The situation in the world and in the Russian economy has reduced the anticipated effect from Armenia's membership in the Eurasian Economic Union (EEU), Armenian president Serzh Sargsyan in an interview with ... ... to the president, despite this, the effect is obvious. Sargsyan said that many were skeptical about Armenia’s joining the Customs Union, but most of the people did not share this position. Therefore, he said, there is no need to talk about whether ...
11/02/2017Armenia to be troubled by new wave of inflation
... inflation is expected to trouble Armenia, Zhoghovurd reports. According to the newspaper, a number of products will no longer have customs preferences. This means 759 kinds of products imported from third countries will be formalized in accordance with the ... ... carried out throughout several years. As a result, prices are going up, but everything has been done to make the inflation effect visible not immediately to people. «If they don't want to pay higher prices, they have to buy products made in the Eurasian ...
09/27/2017Armenia’s government to increase budget capital spending by AMD 50 billion
... spending.” In his words, the government will give priority to the programs paid from the outside and able to produce immediate effect. As a result, programs costing $98 million have been singled out for implementation in 2017. Aramyan stressed that attraction ... ... we maintain such trends, and our colleagues from the State Revenue Committee are active enough in implementation of tax and customs administration reforms, we will be able to achieve a higher indicator and collect extra AMD 50 billion, which will be ...
04/07/2017Armenian premier tells Bloomberg how he intends to develop economy and combat corruption
... faster than the GDP growth and growing faster than revenues,’’ he said. Karapetyan also said changes in the leadership of the customs service and in the tax code are improving transparency, and he won’t allow dominant players to use “administrative ... ... in areas including agriculture and food production. “We clearly understand that reduced public spending may have a downside effect,’’ while businesses are delaying investment until after the elections, Karapetyan said in his interview. Amid speculation ...
11/22/2016PM: we must stand by the successful, by those shouldering a burden
... agricultural producers and greenhouse farms, including exports, imports, distribution and sales, logistics, access to energy, tax and customs administration, as well as public-private sector partnership mechanisms. After listening to the problems, Karen Karapetyan ... ... subsidies. The Head of Government stressed the need for developing specific business programs with a well-calculated multiplier effect and clear-cut commitments of each party. “No one will develop your business on your behalf, no one will build our country,...
11/11/2016Nranyan: Armenia might receive long-term dividends, not momentary benefit from Eurasian Economic Union
... opportunities, which can't provide an instant benefit, but promises long-term dividends, but only as a result of a consistent work,» he said. As an example of the already done job, Nranyan pointed out the fact that Armenia has increased its share in the customs duties in the union more than initially planned, and this has intensified revenue inflow in the country's budget. Speaking about businesses, he said that the effect from Armenia's membership in the union will be seen here later. He said that Armenia built up its exports to the Eurasian Economic Union market amid the union's sanctions against Ukrainian and Georgian products. «We have managed to take advantage ...
04/20/2016World Bank says Armenia’s 2016 growth to remain sluggish at 2.5 percent
... the tradable sector. The relative boost in economic activity, including the agri-export expansion, is explained by the base effect in January 2015 and needs to be maintained for a few more months before suggesting any adjustments in projections. The ... ... reflecting weak demand in Eurasia following the commodity price slump and the transactions costs associated with transitioning to the customs union’s procedures and requirements – and by 5.2 percent to the EU in 2015 compared to the previous year. The improvement ...
03/09/2016Separation of state revenue committee from Armenian finance ministry to prevent collision of interests
... Sargsyan, Armenian president, reorganized the finance ministry separating the State Revenue Committee with its subordinate tax and customs services, which joined the finance ministry in spring 2014, into an independent segment again. Two days later, Sargsyan ... ... to avoid collision of interests in running public funds. The agencies, he said, were united two years ago to enhance activity effectiveness through minimizing spending and centralization of these agencies. “But this produced little effect, and it is ...
03/09/2016Armenia receives AMD 15.1 billion from Eurasian Economic Union’s customs revenue in Jan-Sept 2015
Over the first nine months of this year, Armenia has received AMD 15.1 billion from the customs duties collected by the Eurasian Economic Union, Armenian Deputy Finance Minister Armen Alaverdyan said Monday during ... ... Armenia will receive were based on 2013 and 2014 indicators,” Alaverdayn said commenting on a statement that says that economic effect of Armenia’s accession to the union was exaggerated a great deal. “Given that imports from the third countries significantly ...
11/10/2015New EEU marking and certification standards to come into force soon
... operate along with the national law,” she said. “And on January 1, 2016, new marking and certification standards come into effect. It is not a secret that any exported product must meet an importer country's requirements.”Makhudyan said that from ... ... interstate standards and technical regulations. He said that harmonization of national and EEU standards and formation of a common customs zone are the most pressing objectives now. Azaryan stressed that to support domestic producers the institute recently ...
10/14/2015Almost 50% of Armenian SMEs find the government's support unsatisfactory - survey
... the economy,» Makaryan said. «Today unequal competition has various symptoms, such as unequal tax inspections, problems with customs procedures and the pressure large businesses put upon on small and mid-scale businesses.» Presenting other results of ... ... unsolved problems,» he said. «Besides, it is necessary to leave legal preferences in force for a few years to achieve significant effect.» Some 70,000 small and medium companies operated in Armenia in June 2015 – 58,000 micro and small businesses and 10,...
09/03/2015Armenia considers Eurasian Economic Union as most advantageous relationship-developing platfoU
... country more attractive in terms of investment and implementation of large long-term projects,» he said. In his words, no customs formalities are needed in trading with the Eurasian Economic Union member countries, and this cuts financial expenses ... ... The premier said that Armenia's government attaches great importance to such discussions, which make it possible to gauge the effect of integration processes and outline prospects for the union development. Armenia became a full member of the Eurasian ...
03/31/2015Nranyan: Eurasian Economic Union processes may become impetus for ensuring stability in 2015
... Ara Nranyan, a member (minister) of the Eurasian Economic Commission's board, said in an interview with the Russian Federal Customs Service's Tamozhnya (Customs Service) magazine. YEREVAN, March 27. /ARKA/. Processes in the Eurasian Economic Union,... ..., whose foreign trade growth is far higher now than before they joined the union,» he said. «It means this multiplier effect, the effect of the economic growth intensified by synergy process may be seen also in this case.» More than that – ...
03/27/2015Armenia’s short-term task in Eurasian economic union is to increase trade with other members of bloc
... members of the trade bloc, Karine Minasyan, who represents Armenia at the Eurasian Economic Commission Board, said at the Moscow Economic Forum 2015. She said trade between Belarus, Russia and Kazakhstan has nearly doubled since the establishment of the Customs Union although it has slowed down recently. Now it is Armenia's turn to feel the effect of its membership in the trade union, she added, emphasizing the need to boost trade with Belarus and Kazakhstan, which is between $10-$20 million. She said Armenia has a significant agricultural potential as favorable climatic conditions on one ...
03/27/2015Five of six factions in parliament will vote for Armenia’s accession to Eurasian economic union
... "It is clear that in the foreseeable future, Armenia will have no alternative to the system of security, which is now in effect. This system is closely connected with the Russian Federation ", he said, adding that the accession has also a number ... ... factors is the absence of common border with an EEU member country as a result of which Armenia and Georgia appear in different customs systems. However, if we see that membership in the EEU is not favorable for Armenia, we can get out of this bloc at any ...
12/04/2014EDB international conference on Eurasian integration kicks off in Moscow
... press office of the bank reported. The conference is attended by government agencies of Customs Union and Eurasian Economic Area member-countries, officials from the Eurasian... ... integration in relation to the Treaty about Eurasian Economic Union (EEU) to come into effect on January 1, 2015. The conference will consider issues on joint transport and... ... formed EEU and the EU. The preliminary agenda of the conference includes tariff-free barriers in the EEU, financial support tools for energy saving and energy efficiency...
10/09/2014CU agreement has no provision for setting up customs checkpoints between Armenia and Karabakh – minister
The Customs Union (CU) agreement has no provision for setting up a customs checkpoint between Armenia and Nagorno-Karabakh Republic,... ... Belarus and Kazakhstan signed an agreement about the Eurasian Economic Union in Astana on May 29. The agreement will come into effect on January 1, 2015. At the meeting Armenia’s president Serzh Sargsyan said Yerevan intended to join the agreement ...
08/15/2014Search result 1 - 50 of 66
First | Prev. | 1 2 | Next | Last
Sort by relevance | Sorted by date
