VAT Excluded from Imported Agricultural Resources
Today’s cabinet sitting backed a bill on amendments to the law on VAT. Providing his comments at the news conference which followed the cabinet sitting, Minister of Agriculture Sergo Karapetyan noted that the bill was approved in line with the government’s agriculture-supportive policy. According to the minister, the farming sector cannot develop unless access is facilitated to imported inputs, including the implements and machinery, spare parts, pesticides, fertilizers which... more »
Government keeps on offering privileges to investing companies
“Today the government passed two more enterprise-supportive decisions and this process will be continued ahead,” Minister of Economy Tigran Davtyan said during the briefing that followed the cabinet sitting. According to the Minister, some twenty companies have already been granted VAT holidays for a period of 3 years for temporary imports to the cost of over AMD 300mn. Tigran Davtyan introduced those companies, including Amster Flowers Ltd which is setting up a... more »
Tigran Davtyan: Government supportive of investment programs
“Today the government passed another decree to provide economic incentives, build up capacity and support export-oriented programs,” Minister of Economy Tigran Davtyan told the press conference which followed the cabinet sitting. The decree provides that Ararat Group Ltd will be granted extension of the deadlines of Temporary Import customs mode until the year 2015 for the goods imported by the company under said regime. Set to operate in Ararat Marz, Ararat Group Ltd is the... more »
The start of the annual contest of the IT managers was given
Today at the press conference held at the RA government the assistance to the Prime Minister Vardan Nikoyan, “Synopsis Armenia” CEO Hovik Musayelyan and “VivaCell-MTS” CEO Ralf Yirikyan made clarifications on the launch of the annual contest of the IT managers, created under the auspices of the Prime Minister of Armenia. The idea of the awards was born back in 2009, when Prime Minister Tigran Sargsyan visited “Synopsis Armenia.” The contest aims to... more »
The order of the usage of pastures was approved
The Minister of Agriculture Sergo Karapetyan gave clarifications about the draft resolution “on setting the order of usage of RA pastures” at the briefing following the government sitting. According to the Minister, there is 1 million 118 thousand hectares of pastures in Armenia, the 30 percent of which is only being used efficiently, and for the development of animal husbandry the most important condition is the provision of the fodder base. For the provision of the fodder base... more »
The Government Will Subsidize the Agricultural Loans
RA government is subsidizing the agricultural loans staring April 1st, 2011. The information was provided today by the minister of finance Vache Gabrielyan. The loans will be provided by three banks: ACBA Credit Agricole Bank, Ardshininvestbank and Conversebank. The loans will be provided for annual 14% rate, 4% of which will be subsidized by the state and will be given to the farmers with preferential payment terms. The farmers will only have to start repaying the loans after 6... more »
Armenia’s national youth report to promote passage of a more realistic youth law
The findings of those complex polls and surveys covering the citizens of 18-30, which were conducted in an effort to develop the State youth policy, will be reflected in Armenia’s national youth report, due to be published in December, 2011. Deputy Minister of Sport and Youth Affairs Arsen Karamyan told the press conference which was held today at the government’s press center. A similar report was said to have been successfully published in 2006-2007: “We all... more »
Consolidated information system to streamline pensioner data
As Minister of Labor and Social Affairs Arthur Grigoryan told journalists during the interview held at the government’s press center, a consolidated information system will soon be launched by the Ministry of Labor and Social Affairs to streamline pensioner data. “Information will be available from another source as well to help trace the citizens’ movement inside and outside the country,” the Minister said and added that the system rules out any intervention... more »
“Armenian Fruit” to build on Armenia’s export capacity
At the press conference that followed today’s cabinet sitting, Minister of Agriculture Sergo Karapetyan commented on the Agricultural Capacity Building Program grant facility available from the IFAD which is aimed at boosting fruit-farming activities in the Republic of Armenia. Having a total cost of USD 52mn, the program will be introduced in Vaiots-Dzor, Tavush marzes and Tain region of Aragatsotni marz. The program provides for the use of 700 ha land for fruit-growing purposes.... more »
Reforms to be implemented in the field State property management
Head of State Property Management Department by the Government Karine Kirakosyan told today’s press conference which was held at the press center of the government that the State Property Management Department by the Government is planning to expand the State property registration base in 2011. She went on to advise that the new base will incorporate the highways, bridges, water-mains and reservoirs, as well as the non-material assets of interstate and regional importance.... more »
