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ArmInfo. The Republican Union of Employers of Armenia (RUEA) believes that if the State Revenue  Committee (SRC) is truly concerned about the problem of tax collection and increasing tax discipline, it should simply abandon the initiative to abolish incentive norms and establish stricter criminal liability for tax violations, since its adoption, in addition to other destructive consequences for the country's economy, will directly aggravate the problem of tax evasion.

ArmInfo. Since 2022, Armenia's IT sector has experienced significant growth, largely attributed to  an inflow of re-locants from Russia. During this period, the sector has become a key contributor to GDP growth, accounting for 1-3 percentage points. But recent data from the last two quarters show a concerning picture, indicating that currently the sector is encountering serious problems.  

ArmInfo.The Idram Junior app just got even more exciting: now you can play a financial literacy game directly within the app. Moreover, through this game, you can prepare for the financial education competition Junius, organized by the financial app Idram Junior and the educational program Koreez.

ArmInfo.Premiums in Armenia's insurance market have began to decrease while indemnities are still  increasing at double-digit rates. This trend is starting to impact the companies' profits.  (As ArmInfo analysts note, the transition of insurance companies' financial statements to a new format each time conceals more and more important indicators, making it difficult to analyze the state of the market.  

ArmInfo. The World Congress of Innovation and Technology 2024 (WCIT) will be held in Yerevan on  October 4-7. This was reported by the Ministry of High-Tech Industry of the Republic of Armenia.

ArmInfo.The Office of Coordination of Inspection Bodies under the Office of the Prime Minister of Armenia is initiating amendments to the Law and related laws that will allow abandoning the practice of notifying businesses of upcoming inspections. 

ArmInfo. On August 23, Chairman of the State Revenue Committee of the Republic of Armenia  Rustam Badasyan presented the Executive Director of the Barsis company with a Type I certificate on inclusion in the register of authorized economic operators of the Eurasian Economic Union. 

ArmInfo. The arrest of a businessman for tax evasion brings more harm to the state than good.  This point of view was expressed on a social network by the co-founder and head of the Union of Entrepreneurs  Vahram Mirakyan, once again touching upon the draft law proposed by  the State Revenue Committee of the Republic of Armenia to abolish incentive norms and establish stricter criminal liability for tax violations. 

ArmInfo. Accor, a world leading hospitality group, today announces the signing of an agreement with 4A Capital LLC to open a new Movenpick hotel in Armenia.  Located in Tsaghkadzor, the country's most popular ski and resort town, the 198-room newly constructed hotel, Movenpick Resort Tsaghkadzor, is expected to open in 2026.

ArmInfo. The Armenian Ministry of Economy has not received any notification from its Russian colleagues  regarding the poor quality of Armenian cognac or any complaints from cognac producers about facing difficulties in exporting products to the Russian Federation.

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ArmInfo. The development of renewable energy has reduced Armenia's dependence on imported  hydrocarbon raw materials. As a result, in 2023, the republic imported 100 million cubic meters less natural gas than in 2022. Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia Hakob Vardanyan told the Public Television of Armenia about this. 

ArmInfo. The Armenian government will implement the decision of the court of primary instance on compensation for damages incurred by the Gillo company. 

ArmInfo.The request of the Islamic Republic of Iran to obtain the status of an observer state at  the Eurasian Economic Union was considered at the headquarters of the Eurasian Economic Commission.

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ArmInfo. The World Food Program (WFP) Armenia office hosted a delegation from the United States  Agency for International Development (USAID) Bureau of Humanitarian Assistance, who arrived in Yerevan on a two-day visit to assess the support provided to refugee families from Artsakh.  

ArmInfo.From September 1, taxis in Armenia will be allowed only with a license. The State  Revenue Committee of the Republic of Armenia has issued a similar reminder once again.