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Armenian government imposes six-month ban on whitefish caviar exports
... catch process, fish stocks have increased in recent years. The ban on the export of whitefish caviar was last extended in July 2024. The Ministry of Environmental Protection of Armenia has significantly reduced the allowable whitefish catch in Lake Sevan. Unlike previous years, when the annual catch volume reached 600 tons, the 2024 quota has been set at 257 tons.
12/27/2024Quota for duty-free import of electric vehicles to Armenia for 2024 exhausted
Armenian State Revenue Committee reported that the annual quota for duty-free import of electric vehicles into the country has been exhausted. YEREVAN, October 17. /ARKA/. Armenian State Revenue Committee reported that the annual quota for duty-free import of electric vehicles into the country has been exhausted....
10/17/2024Armenia to redistribute quotas for preferential import of electric vehicles
At a meeting on Thursday the Armenian government made a decision that will redistribute quotas for preferential imports of electric vehicles. YEREVAN, October 10. /ARKA/. At a meeting on Thursday the Armenian government made a decision that will redistribute quotas for preferential imports of electric vehicles. Economy Minister Gevorg ...
10/10/2024Parliament speaker comments on Pashinyan's statement: CSTO is not functioning
... Wall Street Journal that Azerbaijan's aggressive actions and inaction of the CSTO forced Armenia to seek to diversify its relations in the security area. Since then Armenian top officials snubbed all CSTO gatherings. Yerevan also chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement. -0-
02/27/2024Armenia has not officially notified of suspension of CSTO membership - Kremlin
... Azerbaijan's continued occupation of parts of Armenia's sovereign territories. Pashinyan said Armenia wants to "understand the CSTO's zone of responsibility." In another rupture between Armenia and the CSTO, Yerevan decided not to fill its quota for the post of CSTO deputy secretary general. Armenia also recalled its ambassador from the military alliance and has yet to appoint a replacement. -0-
02/23/2024Armenia suspends participation in Collective Security Treaty Organization
... Azerbaijan's continued occupation of parts of Armenia's sovereign territories. Pashinyan said Armenia wants to "understand the CSTO's zone of responsibility." In another rupture between Armenia and the CSTO, Yerevan decided not to fill its quota for the post of CSTO deputy secretary general. Armenia also recalled its ambassador from the military alliance and has yet to appoint a replacement. -0-
02/23/2024Armenian government more than halves quota for volume of legal fishing from Sevan - to 257 tons
The Armenian government at a meeting on Thursday more than halved the quota for the volume of legal fishing in Lake Sevan until the end of 2024 - to 257 tons. YEREVAN, February 8. /ARKA/. The Armenian government at a meeting on Thursday more than halved the quota for the volume of legal fishing in Lake Sevan until the end of 2024 - to 257 tons. Environment Minister ...
02/08/2024Zakharova says Russia and Armenia remain allies
... exercises, saying it expected the Russian-led military pact to make a clear assessment of Azerbaijan's continued occupation of parts of Armenia's sovereign territories. In another rupture between Armenia and the CSTO, Yerevan decided not to fill its quota for the post of CSTO deputy secretary general. Armenia has also recalled its ambassador from the military alliance and has yet to appoint a replacement. -0-
02/08/2024Russian diplomat claims Armenia's security impossible without CSTO
... Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. Pashinyan said Armenia wanted to 'understand what the area of the CSTO’s responsibility is.” In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
02/01/2024In 2024, 7,400 electric cars can be imported to Armenia with zero customs duty
... Armenia with zero customs duty in 2024. The aforementioned privilege will be granted to individuals and legal entities. Earlier at the meeting of the Eurasian Intergovernmental Council, it was agreed to extend the privilege for two more years. Armenia's quota (granted by the Eurasian Economic Commission is 8,000 electric cars for 2024 and as many for 2025. The government said that the quota for the remaining 600 electric cars will be kept in reserve. --0--
12/28/2023Lavrov says difficulties in Russia-Armenia relations are temporary
... military exercises, saying it expected the Russia-led military pact to make a clear-cut assessment of Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
12/28/2023Mirzoyan and Tasmagambetov discussed CSTO activities and the situation in the region
... Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. Pashinyan said Armenia wanted to 'understand what the area of the CSTO’s responsibility is.” In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
12/21/2023Armenia to allow duty-free import of cognac and cheese from Serbia
Armenia will allow duty-free imports of cognac and cheese from Serbia within the framework of the quota provided by the Eurasian Economic Union (EEU). YEREVAN, December 7. /ARKA/. Armenia will allow duty-free imports of cognac and cheese from Serbia within the framework of the quota provided by the Eurasian Economic Union (EEU). The relevant ...
12/07/2023Armenian parliament speaker will not take part in CSTO PA Council meeting in Moscow
... military exercises, saying it expected the Russia-led military pact to make a clear-cut assessment of Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
12/05/2023Armenian PM says CSTO actions run counter to country's national interests
... Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. Pashinyan said Armenia wanted to 'understand what the area of the CSTO’s responsibility is.” In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
11/24/2023Russia regrets Armenia's absence at CSTO summit in Minsk
... Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. Pashinyan said Armenia wanted to 'understand what the area of the CSTO’s responsibility is.” In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
11/23/2023Armenia awaits answers from CSTO to questions related to organization's behavior - Secretary of Security Council
... Azerbaijan’s continued occupation of chunks of Armenia’s sovereign territories. Pashinyan said Armenia wanted to 'understand what the area of the CSTO’s responsibility is.” In another rift between Armenia and CSTO Yerevan chose not to fill its quota for the CSTO Deputy Secretary General. Armenia also recalled its ambassador from the military alliance and has not appointed a replacement yet. -0-
11/15/2023Imports of electric cars to Armenia to be exempted from VAT for another year
... cars were also exempted from customs duties. As a result, imports of electric cars to Armenia increased 12 times in 2020, and by 80% in 2022 amounting to 3,485. In the first 10 months of 2023, some 4,195 electric cars were imported. Duty-free import quotas are agreed upon for each Eurasian Economic Union member country. In 2022 the quota for Armenia was 7,000 cars. The quota for 2023 is 8,000 cars. --0--
11/10/2023Armenia to apply tariff quota on poultry, beef and pork imports
The Armenian government has approved today application of tariff quotas on imports of beef, pork and poultry meat, as well as dairy whey. YEREVAN, November 9. /ARKA/. The Armenian government has approved today application of tariff quotas on imports of beef, pork and poultry meat, as well as dairy whey. The government ...
11/09/2023Russia increases petrol quota for Armenia by 60 thousand tons
Russia has increased the petrol quota for Armenia by 60 thousand tons, Armenian Ministry of Territorial Administration and Infrastructure reported. YEREVAN, November 6. /ARKA/. Russia has increased the petrol quota for Armenia by 60 thousand tons, Armenian Ministry of Territorial ...
11/06/2023No problems in Armenian-Russian trade- economy minister
... partially satisfied, " he explained. At the same time, the minister could not say whether gasoline prices will go down, saying that it depends on the market. The Armenian Ministry of Territorial Administration and Infrastructure noted earlier that the quota for gasoline and diesel fuel was exhausted, and the Armenian side requested an increase in the quota, which was partially satisfied. As a result, Armenian importers were able to import 15,000 tons of gasoline and 20,000 tons of diesel fuel from ...
10/13/2023S&P expects Armenia's budget deficit to be 2.8% of GDP in 2023
... rating agency said. In December 2022, the Executive Board of the International Monetary Fund (IMF) approved a 36-month Stand-By Arrangement (SBA) for Armenia amounting to SDR 128.80 million (about US$171.1 million or about 100 percent of Armenia’s quota in the IMF). The Armenian authorities indicated that they will treat the arrangement as precautionary. The SBA will serve as insurance in case shocks generate balance of payments needs and will support the authorities’ reform efforts. -0-
08/28/2023Armenian 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 ...
05/11/2023Armenia imposes additional taxes on bookmakers and sweepstakes
... Minister of Finance Arman Poghosyan, the sector’s turnover has grown dramatically since 2017- from 140 billion drams to 4.2 trillion drams in the first 9 months of this year. The amendments revise the licenses provided to these companies and introduce a quota system. In particular, a company organizing Internet gambling with the winnings will have to buy from the state the right to accept bets worth 100 billion drams and pay 175 million drams in duty for every 100 billion. The system for sweepstakes ...
12/16/2022IMF Executive Board Approves New Stand-By US$171.1 million Arrangement for Armenia
The Executive Board of the International Monetary Fund (IMF) approved on Monday a 36-month Stand-By Arrangement (SBA) for Armenia amounting to SDR 128.80 million (about US$171.1 million or about 100 percent of Armenia’s quota in the IMF). YEREVAN, December 13, /ARKA/. The Executive Board of the International Monetary Fund (IMF) approved on Monday a 36-month Stand-By Arrangement (SBA) for Armenia amounting to SDR 128.80 million (about US$171.1 million or about 100 ...
12/13/2022Armenia intends to impose additional taxes on bookmakers and sweepstakes
... regulations has arisen, as the sector’s turnover has grown dramatically since 2017- from 140 billion drams to 4.2 trillion drams in the first 9 months of this year. The amendments call for revising the licenses provided to these companies and introducing a quota system. In particular, a company organizing Internet gambling with the winnings will have to buy from the state the right to accept bets worth 100 billion drams and pay 175 million drams in duty for every 100 billion. The system for sweepstakes ...
12/09/2022Fitch Ratings сuts near-term gas price assumptions
... put pressure on gas prices. We have kept all our oil price assumptions unchanged as we continue to expect prices to decline in the short and medium term. We continue to expect OPEC+ to target a broad balance in the oil market by changing production quotas and available crude supplies, but it may become increasingly difficult to achieve a consensus due to demand uncertainties and reduced supplies from Russia, the alliance’s key member. The most recent production reduction was not as aggressive ...
12/07/2022Whitefish spawning period starts: control will be tightened in Lake Sevan and other water bodies
... /ARKA/. Armenia's Ministry of Environment said it will tighten supervisory measures in Lake Sevan and in other water bodies in the country starting December 1 in connection with the approaching spawning period of whitefish. Earlier, the ministry set the quota for commercial catch of whitefish from Lake Sevan for 2022 at 600 metric tons. According to the ministry, 554.9 tons have already been caught. In connection with the beginning of the spawning period from December 15 to January 20, 2023, a strict ban on whitefish fishing in Lake Sevan will be in ...
11/29/2022Armenian parliament allows universities to reimburse tuition fees of larger number of students
... tuition fees of about 26% of students. Because of this, the universities accumulate additional income and other tax obligations. Now, universities have to choose between providing tuition fee benefits to students who are not within the established 10% quota and accumulate tax liabilities, or provide them with partial or zero reimbursement. With the above in mind, the amended law allows the universities to reimburse tuition fees of 20 percent of students through July 31, 2024. The law will not apply ...
05/04/2022Armenia allowed duty-free import of 6,400 electrical vehicles in 2022
... vehicles this year has come into force. The SRC said to be eligible for duty-free import of EVs the importers should submit a customs declaration to the relevant customs authority. It warned that the decision will not apply to EVs imported beyond the quota. Earlier, Armenian Economy Minister Vahan Kerobyan told a Cabinet session that under a March 17 decision of the Eurasian Economic Commission Board –the executive arm of the Russia-led Eurasian Economic Union- Armenia is allowed to import duty ...
04/21/2022Armenia allowed to import duty free 7,000 electric cars in 2022
... of the Russia-led Eurasian Economic Union- Armenia is allowed to import as many as 7,000 electric vehicles this year which will not be subject to customs duty. He said the government made a decision on distribution of 6,400 electric cars, while the quota for the rest 600 cars will be held as a reserve for car dealers. Kerobyan said the decision will be retroactive for individuals, who imported EVs after Jan. 1, 2022. He said citizens can submit a new declaration and get refunded. As for legal entities,...
04/15/2022Eurasian Economic Commission raises duty-free online trading threshold for individuals from 200 euros to 1,000 euros
... citizens who order goods for personal use in foreign online stores, and to avoid a shortage of goods. The decision comes into force after 10 calendar days since the date of its official publication. The Eurasian Economic Commission's Board has also set a quota for duty-free imports of electric vehicles to Armenia- 7,000 electric vehicles in 2022 and 8,000 electric vehicles in 2023. --0--
03/18/2022Chicken meat, sugar and flour prices have gone up in Armenia in 2021
... about 300 drams since May, but the price may fall again once the consequences of the coronavirus pandemic are offset. The price of chicken meat rose from 1,320 up to 1,510 drams. Problems in the chicken meat market ‘persist. Even the application of quotas has not helped. Armenia imports the bulk of chicken meat from Ukraine, Brazil and USA. Meat imports have decreased all over the world," he noted. Regarding the sugar market, Gevorgyan said the price of granulated sugar continues to be high ...
12/28/2021IMF: Armenia’s economic growth projected at around 5½ percent in 2021
... authorities to draw SDR 51.43 million (about US$ 72 million), bringing total disbursements to SDR 283.09 million (about US$ 396 million). Armenia’s three-year SBA of SDR 308.8 million (about US$ 432 million), equivalent to 239.75 percent of Armenia’s quota in the IMF, was approved by the IMF’s Board on May 17, 2019 and augmented on May 18, 2020 The Armenian economy has been hit hard by the COVID-19 crisis, with real GDP contracting by 7.4 percent in 2020, and the authorities appropriately responded ...
12/20/2021U.S. Hopeful of Reaching Deal With EU on Metals Tariffs by End-October
... imports, including on imports from the EU, on grounds of national security under a Cold War-era trade law. A steel industry source said Tai and the EU were edging closer to a likely agreement that would replace the Section 232 tariffs with a tariff-rate quota (TRQ) arrangement that would allow duty-free entry of a specified volume of EU steel, with tariffs applied to higher volumes. This person said that talks are "going well," but was reluctant to say that a deal would be reached by Oct. 31....
10/14/2021Government increases whitefish catch quota by 50 tons
... YEREVAN, September 2. /ARKA/. The government of Armenia has increased today the quota for whitefish catch from Lake Sevan in 2021 by 50 tons and has also extended the fishing period until October 15. Environment Minister Romanos Petrosyan said the quota for commercial catch from Sevan had been originally set at 250 tons and the fishing period until September 1. According to him, no applications were submitted for about 29 tons of whitefish. Also, until August 30, the fishermen were unable to catch about 20 tons of allowed fish ...
09/02/2021Quota for commercial catch of whitefish in Lake Sevan slashed by 50 metric tons
The 2021 quota for commercial catch of whitefish in Armenia's largest Lake Sevan has been slashed by 50 metric tons from 300 tons in 2020, Voskeat Grigoryan, head of a department at the Environment Ministry in charge of special protected areas and biodiversity, said at a press conference on Monday. YEREVAN, March 29. /ARKA/....
03/29/2021Russia imposes restrictions on exports of grains to curb domestic prices
Russia said it has imposed an export quota of 17.5 million metric tons that restricts exports of wheat, rye, corn and barley. The restriction will not apply to sales of grains to partner countries from the Eurasian Economic Union. YEREVAN, February 15. /ARKA/. Russia said it has imposed ...
02/15/2021Ministry of Environment to set new quotas for whitefish catch in lake Sevan
Armenia's Ministry of Environment will again set a quota for whitefish catch in the country's largest Lake Sevan, Environment Minister Romanos Petrosyan said at a press conference on Tuesday. YEREVAN, January 26. /ARKA/. Armenia's Ministry of Environment will again set a quota for whitefish catch in the country's largest Lake Sevan, Environment Minister ...
01/26/2021IMF to provide Armenia with $37 million as part of Stand-By Arrangement
... million (about US$37 million), bringing total disbursements to SDR 231.7 million (about US$ 332 million), IMF said in a press release. Armenia’s three-year SBA of SDR 308.8 million (about US$ 443 million), equivalent to 239.75 percent of Armenia’s quota in the IMF, was approved by the IMF’s Board on May 17, 2019 and augmented on May 28, 2020. IMF says the Armenian economy has been hit hard by the worst military confrontation since the early 1990s and a large second wave of the COVID-19 infections....
12/12/2020IMF Executive Board concludes first review under the Stand-By Arrangement for Armenia
... Republic of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA), Armenia's Central Bank said. The 36-month SBA, with a total access of SDR 180 million (about US$ 248.2 million), equivalent to 139.75 percent of Armenia’s quota in the IMF, was approved by the IMF’s Board on May 17, 2019, The Armenian authorities continue to view the SBA as precautionary until the program expires in May 16, 2021, an insurance policy against unforeseen economic shocks that could lead to ...
12/25/2019Government of Armenia will introduce quotas for fishing in lake Sevan
The government of Armenia will introduce quotas for fishing in Lake Sevan, the governor of Gegharkunik province Gnel Sanosyan told reporters on Monday. YEREVAN, September 2. /ARКА/. The government of Armenia will introduce quotas for fishing in Lake Sevan, the governor of Gegharkunik province Gnel Sanosyan told ...
09/02/2019IMF expects Armenia's economic growth to accelerate in 2019
... agenda, including implementation of structural reforms, would provide a boost to higher levels of growth. Armenia and the Fund reached an agreement on a 3-year economic program (precautionary SBA) in the spring, with access equivalent to 140 percent of quota (about US$250 million). While Armenia does not intend to draw on approved financing amounts, it has the option to do so if needed. The arrangement offers Armenia insurance against external shocks as the authorities implement their economic program ...
08/29/2019Armenian government approves duty-free quotas for imported Vietnamese long-grain rice
The Armenian government approved Thursday duty-free quotas for imported Vietnamese long-grain rice. Economy Minister Tigran Khachatryan said that the agreement on duty-free import of rice from Vietnam to the Eurasian Economic Union member countries has come into force on January 1, 2016. The agreement ...
07/12/2019Russian veterinary service suspends import of Armenian crayfish
... did not correspond to the date of production indicated on the labels. In 2017 Armenia’s Nature Protection Ministry issued a quota for catching up to 3 thousand tons of crayfish in Armenia's water reservoirs, including 1.1 thousand tons from Lake Sevan. In 2016, the quota was 3.6 thousand tons. According to Armenian customs service, in the first half of 2017 some 146.2 tons of crayfish were exported, down from 1,192.6 tons in the same period in 2016. -0-
01/31/2018Government tightens control over crayfish catching
...," the premier added. In May this year, the government had imposed a temporary ban on catching crayfish. This year the nature protection ministry has already issued permits for catching up to 3,000 tons of crayfish, including 1,100 tons from Lake Sevan. In 2016, the quota was set at 3,600 tons. According to the Customs Service, the export of crayfish in 2016 dropped to 1,844.3 tons (a decrease of 47.6% from the previous year). The customs value was estimated at $788,300. -0-
09/07/2017Local governance system should enjoy unequivocal trust of communities' residents – Armenian president
... «Part of that function is successfully carried out by the mass media and public organizations. Obviously, our citizens have much more to say, and those, who cannot find the answers to the routine questions raised by our fellow citizens, simply waste the quota of trust existing within the community members.» The government and the local governance bodies, he said, should organize their work as serious and trustworthy partners. «For years, we have been investing considerable resources into the equal ...
11/15/2016Public and private sector companies failing to meet quotas on jobs for disabled people to be fined
Armenian public sector companies, which will fail to employ people with disabilities according to quotas established by the law "On Employment" in 2016 will be subject to fines beginning from January 30 of the next year, Tadevos Avetisyan, head of a department at the Armenian labor and social affairs ministry, said today. YEREVAN, November ...
11/17/2015IMF to decide on next $17 million tranche to Armenia in November
... another $17 million worth tranche under the Extended Fund Facility program will be made in November. In 2014 March the IMF Executive Board approved an agreement with Armenia on financing in the amount of 82.21 mln. SDR ($127.6 mln. or 89.4% of Armenia's quota) within the 38-month program Extended Fund Facility (EFF) for the implementation of economic programs. Horton said that over the past two weeks, the IMF studied the pace of the program’s implementation and it remains only that the government ...
09/26/2015Armenian prime minister and IMF official discuss economy and EFF status
... turn, noted the importance of the continuation of measures to ensure economic growth and stability. In 2014 March the IMF Executive Board approved an agreement with Armenia on financing in the amount of 82.21 mln. SDR ($127.6 mln. or 89.4% of Armenia's quota) within the 38-month program Extended Fund Facility (EFF) for the implementation of economic programs. This program will be implemented on the basis of successfully completed three-year program within the framework of agreements "Extended ...
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