ArmInfo.Armenia will extend the VAT exemption for imported electric vehicles for a year.  Armenia's parliament is considering a bill on introducing amendments to the Tax Code.

ArmInfo. Team Telecom Armenia together with Visa came up with an offer for drivers of electric vehicles. According to the company's press service, from November 16 to December 31 inclusive, when paying for services at Team Energy charging stations with a Visa card, only 50% of the amount will be debited from the client, and the remaining half will be reimbursed by Visa.

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ArmInfo.The Government of Armenia intends to redistribute up to 6% of budget funds in order to  provide adequate assistance to forcibly displaced persons from Nagorno-Karabakh. An extraordinary meeting of Armenia's Parliament is discussing amendments to the law "On the Budget System". 

ArmInfo. As of November 20, 2023, the consolidated budget of the Republic of Armenia received AMD  1,919.5bln in tax revenue, which is 86.8% of the adjusted annual figure of AMD 2,211.4bln. 

ArmInfo.Representatives of Armenia and Iran at a meeting on November 21 discussed details of  the construction of the fourth section of the North-South transport corridor, reported the press service of the Ministry of Territorial Administration and Infrastructures of the Republic of Armenia.

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan hosted Ambassador of Finland to Amenia  Kirsti Narinen and Finland's Honorary Consul in Armenia Timothy Straight.

ArmInfo. Armenia's Minister of Finance Vahe Hovhannisyan hosted a delegation led by Mr Kazuhiko  Koguchi, Secretary General of the European Bank for Reconstruction and Development (EBRD). Attending the meeting were also Ms Stefania Galbiati Ball, Head, Annual Meetings, Protocol and Event Management  Unit at EBRD, and Mr George Akhalkatsi, Head of EBRD Yerevan Resident Office. 

ArmInfo. In Armenia, Acba Bank and Converse Bank are starting to issue cards of the China UnionPay  system. Let us remind you that Acba Bank has been servicing China UnionPay cards since October 2019. ArmInfo was informed by Acba Bank and Converse Bank.

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ArmInfo. In Armenia, the number of labor migrants from India does not exceed 30 thousand  people. Armenian Minister of Economy Vahan Kerobyan told reporters during a briefing on November 20, citing official sources.

ArmInfo. The net inflow of private transfers to Armenia for 9 months of 2023 dropped to $1.3  billion from $1.7 a year earlier. According to the data of the Central Bank of RA, the y-o-y dynamics of this indicator turned sharply from a 2.6-fold increase to a 23% decrease.

ArmInfo. Tourism in Armenia will be focused on quality rather than quantity. Armenian Minister of  Economy Vahan Kerobyan told reporters during a briefing on November 20 after a meeting of the Standing Parliamentary Committee.

ArmInfo.Armenia's banking system is making half-hearted attempts to reanimate corporate lending, which snowed a decline last year, against a backdrop of accelerated growth in private loans, which ensure acceptable return on and diversification of assets. However, such activity requires special attention needed for preventing delinquent loans from turning into risky ones.  

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ArmInfo.Ameriabank has been recognized as the Best Bank for Digital Solutions in Armenia for the year 2023, as announced by Euromoney magazine in its Awards for Excellence. The magazine emphasizes Ameriabank's commitment to digital innovation and transformative technology, which has surpassed that of its peers over the past 12 months.

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ArmInfo.On November 17, Ardshinbank officially opened the new “Vardanants” branch, which is a specialized in serving and financing small and medium-sized business clients. While the branch specializes in meeting the unique needs of businesses, it also extends its services to individuals, offering a comprehensive range of modern banking solutions provided by Ardshinbank.

ArmInfo.Open borders are always better than closed ones.  Chairman of the State Revenue  Committee of the Republic of Armenia Rustam Badasyan told reporters on November 17, commenting on the possibility of opening the Armenian-Turkish border.