Government takes unprecedented step in support of small and medium-sized enterprises
A Cabinet sitting was held today, chaired by Prime Minister Hovik Abrahamyan. The government approved a set of draft amendments to the law on turnover tax and six other legislative acts to provide a more favorable tax environment for the SMEs engaged in trading activities and family businesses. The amendments envisage lowering of turnover tax to 1 percent from the currently applicable 3.5 percent. Family businesses will enjoy preferential terms: their entrepreneurial activity will be... more »
Hovik Abrahamyan Introduced To Ceramisia Company’s Investment Program
Prime Minister Hovik Abrahamyan received Italian Ceramisia faience producing company vice president Federico Polidori. Introducing his company’s investment program in Armenia, Mr Polidori said work in underway to build a local faience factory in the near future, with part of the output to be exported to foreign countries. Welcoming the initiative, Hovik Abrahamyan expressed his government’s support for the project. The Prime Minister expressed hope that the project would... more »
ASEU Development Discussed With Prime Minister
Prime Minister Hovik Abrahamyan received Acting Rector of the Armenian State Engineering University Hovhannes Tokmajyan, University Professor Vladimir Movsisyan and Adviser to University Rector Murad Muradyan. The meeting was also attended by Minister of Education and Science Armen Ashotyan. Thanking the Prime Minister for audience, Hovhannes Tokmajyan introduced the University’s problems and development projects. The University Rector praised the recent reforms in the education... more »
Turnover tax due down to 1 percent from 3.5
Chaired by Prime Minister Hovik Abrahamyan, the SME Development Council met in the Office of Government to review the outcome of extensive discussions held between the Ministry of Finance and SME representatives. In particular, it was reported that as of this October 1 turnover tax shall be reduced to 1 percent from 3.5 percent for those entities engaged in trading activities. According to Deputy Minister of Finance V. Mirumyan, this will considerably ease the tax burden for over... more »
Prime Minister attends opening of “Crisis in Syria: Challenges for Faith Communities” international conference
Chaired by His Holiness Garegin II, Supreme Patriarch and Catholicos of All Armenians, and attended by Prime Minister Hovik Abrahamyan, “Crisis in Syria: Challenges for Faith Communities” two-day international conference kicked off today at the Mother See of Holy Etchmiadzin. Convened through the initiative of the World Council of Churches (WCC), the event was also attended by WCC Secretary-General, Rev. Dr. Olav Fykse Tveit. The conference was opened with the Lord’s... more »
By Prime Minister Hovik Abrahamyan’s decision, Garegin Melkonyan was relieved of the office of Deputy Minister of Economy of the Republic of Armenia and was appointed to serve as First Deputy Minister of Economy of the Republic of Armenia. Garegin Melkonyan Date and Place of Birth April 8, 1975, Yerevan Education 1992-1997, Yerevan State University, Faculty of Oriental Studies Work Experience 1996-1997, Ministry of Trade, Services and Tourism,... more »
PM Receives Iranian Ambassador
Prime Minister Hovik Abrahamyan received IRI Ambassador to Armenia Mohammad Reyisi. The Prime Minister highlighted the further development and expansion of relations with neighboring Iran, strengthening cooperation in various fields. “My goal is to consistently give effect to all those agreements reached with Iran and develop new programs of cooperation. I am sure we will have great achievements in this direction,” the Prime Minister said. Mohammad Reyisi congratulated... more »
PM Receives Businessman Manvel Ter-Arakelyan
Prime Minister Hovik Abrahamyan received “Old Erivan” restaurant holding owner Manvel Ter-Arakelyan. The businessman presented to the Prime Minister his business-related concerns and the details of the judicial process. The meeting was held at Manvel Ter-Arakelyan’s request.
PM reviews CC findings issued following inspections carried out in a number of areas
A discussion was held with the Prime Minister, during which the Chamber of Control presented the results of inspections carried out in a number of areas. The meeting discussed the breaches and deficiencies recorded, as well as the recommendations voiced. After summing up the findings, the Prime Minister instructed the heads of the agencies concerned to take measures to correct the deficiencies within a short period of time, as well as to submit systemic recommendations to prevent future... more »
Jewelry 2014 11th International Exhibition-Sale Kicks Off In Yerevan
Attended by Prime Minister Hovik Abrahamyan, “Jewelry 2014” 11th international exhibition-sale kicked off today in Yerevan. Accompanied by Minister of Economy Karen Cheshmarityan and Armenian Jewelers Association President Emil Grigoryan, the Prime Minister toured the stands of participating companies, got introduced to their products, activities and upcoming projects. The Prime Minister welcomed the jewelry industry development programs and expressed support for... more »
