Search result 1 - 50 of 65
First | Prev. | 1 2 | Next | Last
Dmitry 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 ...
01/14/2022EDB says Armenia’s accession to customs union to have positive effect on its economy
Armenia’s accession to the Customs Union (CU) and the Single Economic Space (SES) will have a positive effect on the country’s economy, reads the report titled as Armenia and the Customs Union: Assessing the Economic Effect of Integration published by Eurasian Development Bank’s (EDB) Center for Integration Studies, BelTA learnt from the EDB press ...
01/16/2014Russia’s economy ministry commissions study for gauging effect from joining of some CIS countries to customs union
Russia’s economy ministry has released 2.15 million rubles to commission a study for gauging the effect from joining of some CIS countries to the Customs Union of Russia, Belarus and Kazakhstan. YEREVAN, September 26. /ARKA/. Russia’s economy ministry has released 2.15 million rubles to commission a study for gauging the effect from joining of some CIS countries to the Customs ...
09/26/2013Key effect of Armenia’s membership in customs union to come from huge investments
Armenia's membership in the Russia-led Customs Union will translate into huge investments into its energy, transportation and nonferrous metallurgy sectors, according ... ... "The ultimate goal is to get a steady transport corridor towards South Asia and Middle East, because this will give a great effect in terms of money and time, " he said. As an example he said in order to reach Iran Russian fertilizers have to travel ...
11/13/2013EEC 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 ...
10/29/2021Nranyan: 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 to face problems within WTO when joining customs union: EDB
Armenia will face problems within the World Trade Organization (WTO) when joining the Customs Union, says the study by the integration research center of the Eurasian Development Bank (EDB) entitled “Armenia and Customs Union: evaluation of economic integration effects”. YEREVAN, January 17. /ARKA/. Armenia will face problems within the World Trade Organization (WTO) when joining the Customs Union, says the study by the integration research center of the Eurasian Development Bank (EDB) entitled “Armenia ...
01/17/2014Armenia’s accession to customs union to lead to 30% gas price reduction: EDB
Armenia’s accession to the customs union and the joint economic area will bring the gas prices 30% down, will attract major investments into the country ... ... transport, industry), Vinokurov said. The preliminary calculations of EDB Centre for Integration Studies show that economic effect of integration with the customs union will be about 4%. Construction of the new nuclear power plant, with support from ...
09/05/2013Chairman of Armenia’s Central Bank says accession to customs union will have positive effect on Armenia’s financial system
Chairman of Armenia’s Central Bank Arthur Javadyan said Armenia’s accession to the Russia-led Customs Union will have a positive effect on Armenia’s financial system. YEREVAN, September 9. / ARKA /. Chairman of Armenia’s Central Bank Arthur Javadyan said Armenia’s accession to the Russia-led Customs Union will have a positive effect on Armenia’s financial system....
09/09/2013Armenia’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--
01/10/2019Armenian 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 ...
12/25/2020Armenian 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 ...
02/01/2018Araratbank issues “Green Line” plastic cards for customs payments in Armenia
... “Green Line”. The Press Service of Araratbank reports that the cards are intended for making prompt and reliable customs payments. The card, opening and servicing of a card account are provided free of charge. Annual service payment for the ... ... through the branches of Araratbank operating on the same territory. According to the report, the new cards give an opportunity to effect any non-cash payments and supervise use of company funds. Araratbank Open Joint Stock Company (assignee of “Armsvyaz” ...
01/16/2008President: 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 ...
11/02/2017Agreement to cut red tape for Armenian labor migrants in Russian Federation
... migration authorities will allow Armenian labor migrants in the Russian Federation to be employed without additional administrative barriers and documentation, head of the Armenian State Migration Service, Gagik Yeganyan, said today. The agreement was signed ... ... Yeganyan said the agreement applies not only to Russia but also to Belarus and Kazakhstan, the other two members of the Russia-led Customs Union. He said the agreement is likely to come into effect from 1 January 2015, after Armenia's joining the Common Economic Space. However, according to him, the agreement does ...
04/10/2014Armenia 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 ...
10/20/2022Consumer 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 ...
12/05/2017CU 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 ...
08/15/2014European expert: no reason to punish Armenia for its choice
The European Union will not tighten its policy toward Yerevan for Armenia’s decision to join the Customs Union, Erika Lerner, member of Association of European Center of Meetings between East and West, said in an online interview ... ... for Armenian citizens. Lerner thinks that this step will be followed by other steps, but finds it difficult to predict what effect this will produce. She said that it should be taken into account that in the future the European Union will be not able ...
01/29/2014Armenia-customs union cooperation may be mutually beneficial : RF president staff
Seeking for formats of mutually beneficial partnership between Armenia and the Customs Union will ensure a long-term positive effect for all participants of the process, said Russian official Vladimir Chernov in his greeting statement for Economic Aspects of the Eurasian Integration and Armenia conference in Yerevan. YEREVAN, March 18. /ARKA/. Seeking for formats of mutually ...
03/18/2013Armenia 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 ...
11/10/2015EDB 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...
10/09/2014Some 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.
04/03/2025EBRD 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, ...
01/18/2023PM: 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,...
11/11/2016Asian development bank expects Armenia’s economy to grow 4.6% in 2014 and by 5% in 2015
... percent in 2015. According to the report, this rate of GDP growth will be due mainly to Armenia’s decision to join the Customs Union of h Russia, Belarus and Kazakhstan. "Despite long-term benefits from the expansion of the market, low customs ... ... capital, as well as potential growth in foreign direct investment, only time will tell how the changes of trading conditions will effect trade relations between Armenia and other countries outside the trade bloc," the report says. The report says that ...
04/02/2014Armenia’s membership in Customs Union to increase its GDP by 4-5 percent a year: Russian expert
According to preliminary estimates, two years after Armenia's accession to the Customs Union, its GDP will be increasing by 4-4.5 % annually, according to Yevgeny Vinokurov, who is the director of the Center ... ... Bank. "First of all, Russia will abolish gas export duties for Armenia that will translate into $140 million of economic effect a year. Second, Russia will eliminate export duties on rough diamonds - 6.5 %- for Armenia,” he said during Moscow ...
09/25/2013Armenia plans transition to GSP+ from Jan 1, 2009
... efficient management. The press service of the RA Ministry of Economy reports that GSP+ beneficiaries must also have ratified and effectively implemented 27 specified international conventions in the fields of human rights, core labour standards, sustainable ... ... governance. GSP+ allows the countries to export about 6,400 product items to the EU at reduced tariffs or with exemption from customs duties. Specifically, the customs duties on cigarettes are to be reduced by 52%, on natural juices by 30%, on fruits by ...
12/22/2008Opening 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 ...
05/11/2023Termination 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....
12/24/2021Expert: 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 ...
02/25/2019Government 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 ...
04/06/2018Third 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-
05/06/2024Eurasian 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 ...
01/09/2023Eurasian 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 ...
01/17/2022Russian 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 ...
06/02/2021Taxes 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 ...
03/14/2019USA 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-
03/30/2018Ruben 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 ...
12/26/2017Search result 1 - 50 of 65
First | Prev. | 1 2 | Next | Last
Sorted by relevance | Sort by date
