ArmInfo.The World Bank's Board of Executive Directors approved $40 million in support of the Enabling  the Energy Transition project for Armenia, which will assist the implementation of the Energy Sector Development Strategy to 2040 of the Republic of Armenia.  

ArmInfo. The Ministry of Finance of Armenia has opened a special account to provide assistance  to the population affected by floods.

ArmInfo.Armenia is ready to make every effort to implement all directions to ensure food security  of the Eurasian Economic Union, Deputy Prime Minister of the Republic of Armenia Mher Grigoryan stated in Minsk at the plenary session "Food Security of the EAEU".

ArmInfo. Real estate price indices do not reflect the reality that we have according to the  assessment of our experts, Chairman of the Central Bank of Armenia Martyn Galstyan told a press conference on June 3.

ArmInfo. The ratio of remittances to GDP for 2023 has decreased significantly. Chairman of  the Central Bank of Armenia Martyn Galstyan stated this on June 3 during a press conference.

ArmInfo. Since the beginning of 2024, the number of pensioners using cashback for 10% of non-cash purchases has increased significantly. Minister of Labor and Social Affairs of the Republic of Armenia Narek Mkrtchyan stated on June 3 during parliamentary hearings on the results of the budget implementation of Armenia last year.

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ArmInfo.Armenia intends to join the Asian Infrastructure Investment Bank (AIIB). The Standing Committee on Financial-Credit and Budgetary Affairs of the National Assembly of the Republic of Armenia issued a positive conclusion on the draft agreement with this financial institution at a meeting on June 3.

ArmInfo.We inform that starting 01 June 2024, Ardshinbank’s cardholders can withdraw cash from HSBC Bank Armenia ATMs under the same terms as from Ardshinbank’s ATMs.

ArmInfo. By the decision of Prime Minister Nikol Pashinyan, Rafael Gevorkyan was appointed  vice-chairman of the State Revenue Committee.

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ArmInfo. One of the important  components of Armenia's export strategy will be the establishment of  industrial zones, which will serve as innovation and production  centers, expanding the state's export capabilities.

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ArmInfo. The RA Tax Code defines certain privileges for the Armenian Apostolic Church. Chairman of the  RA State Revenue Committee Rustam Badasyan stated in a conversation  with journalists on May 31.

ArmInfo. The head of the State Revenue Committee of Armenia, Rustam Badasyan, acknowledged the  existence of problems associated with ensuring the tax collection indicators recorded in the state budget. Finance Minister Vahe Hovhannisyan, in turn, did not rule out budget sequestration.

ArmInfo.Due to fears of harming representatives of small and medium- sized businesses, the Armenian  authorities decided not to follow the path of eliminating the turnover tax system, but to "motivate" businesses to voluntarily transition to the general tax field. This was stated by the head of the Ministry of Finance Vahe Hovhannisyan on May 31 in parliament, commenting on the double increase in the turnover tax rate initiated  by the Cabinet.

ArmInfo. In Armenia, the non-taxable value added tax threshold of 115 million drams is high, even in comparison with European countries, said the head of the State Revenue Committee, Rustam Badasyan, on May 31 in parliament at the preliminary hearing of the annual report "On the execution of the State Budget of the Republic of Armenia for 2023".

ArmInfo.The expenses of the State Revenue Committee of Armenia in 2023 were 35% higher than the actual  expenses of the department for 2022 in the amount of 28.3 billion drams. This was stated by the head of the Ministry of Finance Vahe Hovhannisyan on May 31 in parliament at the preliminary hearing of the annual report "On the execution of the State Budget of the Republic of Armenia for 2023". The head of the State Revenue  Committee, Rustam Badasyan, in turn, noted that the department he heads has exceeded the targets planned for 2023.

ArmInfo.On June 1, to mark the International Day for Protection of Children, AraratBank is implementing another program within its social responsibility framework. The Bank will donate children's prayer books to beneficiary children of the City of Smile Foundation.