ArmInfo. "VEON Armenia" CJSC (BeeLine trademark) leads the list of the largest taxpayers of Armenia among telecom operators. According to the published data of  the State Revenue Committee of the Republic of Armenia for  January-December 2019, the company took 10th place against 45th year  earlier, having allocated 12.2 billion drams to the budget through  taxes, of which 18.5 million drams - on customs duties, 3.5 billion -  for direct taxes (including income tax, profit tax) and 3.4 billion -  for indirect taxes (including VAT, excise tax).

ArmInfo. Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD).

ArmInfo.

ArmInfo.According to the results of 2019, the list of the largest taxpayers of Armenia was headed by the Armenian-Canadian joint venture "Grand Tobacco"  (against the 2nd position a year earlier), having paid over 57  billion drams or about $ 119 million to the state treasury (with a  y-o-y growth of 35.1%).

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ArmInfo. "Armenal" plant continues to be one of the leaders in terms of social policy in the mining and metallurgical industry of Armenia. Eduard Pakhlevanyan,  Chairman of the Republican Union of Professional Organizations of  Miners, Metallurgists and Jewelers - Members of the Trade Union  Confederation of Armenia, expressed a similar opinion during a  January 31 press conference.

ArmInfo. Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD). Out of the total loan proceeds 6 million US dollars equivalent in local currency will be channeled to the financing of private micro, small and medium enterprises and 2 million US dollars equivalent in local currency to women-led MSMEs in the frames of EBRD’s “Women in Business” Programme.

ArmInfo.The mining industry of Armenia needs a systematic approach. The chairman of the Industrial Republican Union of Professional Organizations of Miners,  Metallurgists and Jewelers - members of the Confederation of Trade  Unions of Armenia Eduard Pakhlevanyan, announced this during the  press conference on January 31.

ArmInfo.IDBank is one of the first Armenian banks to go live with SWIFT global payment innovation (gpi) service. It allows to make cross-border payments service considerably faster and more transparent, as well as to monitor the entire route of transfers or stop and recall the payment․

ArmInfo. Nominal wages in Armenia accelerated growth rates - up to 5.8% in January-December 2019 from 3.8% in January-December 2018, amounting to 182750 drams ($  380). In December alone, nominal wages increased by 26.4%, against a  23.4% increase in December 2018.  In December 2019, as compared to  December 2018, the nominal wage increased by 5.4%, against a growth  of 2% in December 2018 compared to December 2017.

ArmInfo. The small prevalence of import growth rates (10.8%) over export (9.4%) sharply has  slowed down the growth of the foreign trade deficit of Armenia in January-  December 2019 compared to January-December 2018 to 12.6%. A year  earlier, in January-December 2018, the foreign trade deficit jumped  by 31.7% per annum against the backdrop of a sharp slowdown in export  growth from 25.2% to 7.8% with a slight slowdown in import growth  from 27.8% to 21.1%.

ArmInfo.In Armenia, the growth of economic activity in January- December 2019 has accelerated to 7.8% per annum, against a slowdown in 2018 to 5.8% and 7.7% in 2017.

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ArmInfo. Regarding the situation around Lydian Armnia, the government of Armenia must take its decision. This was stated by Dmitri Gvindadze, Head of the  Armenian office of the European Bank for Reconstruction and  Development (EBRD) at a press conference on January 30.

ArmInfo.In 2020, the European Bank for Reconstruction and Development (EBRD) will try to implement about 15 projects in Armenia, the total cost of which will  be at least 100 million euros. Head of the Armenian office of EBRD  Dmitry Gvindadze said this at a press conference on January 30.

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ArmInfo. On February 5, Lydian International shares will complete the delisting process and cease to be listed on the Toronto Stock Exchange. This is stated in  the official message of the company, received by ArmInfo.

ArmInfo.Work on a draft agreement on the import of petroleum products into Armenia continues and, in principle, is in the final stage at which it was at the end  of last year. Ambassador of Kazakhstan to Armenia Timur Urazaev  stated this in an interview with ArmInfo correspondent.

ArmInfo.In partnership with Haylend Converse Bank launched a project to attract online deposits through the platform www.haylend.com .