ArmInfo. Thanks to the efforts and consistent work of the RA Ministry of Finance, Armenia was removed from the "gray list" of countries that do not cooperate  with the European Union in tax matters (the EU list of  non-cooperative jurisdictions for tax purposes ).

ArmInfo.Taking into consideration the requirements of our customers, IDBank decided to work longer.

ArmInfo.

ArmInfo.In 2019 the EAEU industrial production amounted to 1.2 trillion US dollars and increased compared to 2018 at constant prices by 2.5%. In the structure of industrial production of the EAEU in 2019, the largest share was held by the manufacturing  industry - 63.1%.

ArmInfo. According to Similarweb analytical service, the company developing an electronic Telcell Wallet, once again withdrew its product to the leaders in the  category.

ArmInfo. In Armenia, in 2019 the service sector increased volumes by 15%, exceeding 2  trillion drams ($ 4.3 billion), against 18.8% growth a year earlier.  In December alone, the services sector provided growth of 21% - up to  241.8 billion drams ($ 449.2 million).

ArmInfo. In 2019 the turnover of the Armenian trade sector increased by 8.9% per annum  (against 8.7% growth in 2018), amounting to 3.2 trillion drams ($ 6.7  billion). In December 2019 alone, the trade turnover in Armenia  increased by 27.7% to 386.9 billion drams ($ 809 million).

ArmInfo. The European Union will provide Armenia with a grant of 24.7 million euros to  facilitate the implementation of the Comprehensive and Enhanced Partnership Agreement (CEPA).

ArmInfo. According to preliminary  data, the economic growth in Armenia in 2019 formed 7.6%, Armenian Deputy Prime Minister Tigran Avinyan mentioned on his   social networks pages. According to him, this is the highest  indicator  since 2008.

ArmInfo.

ArmInfo.

ArmInfo. The RA Prosecutor General's Office presented indicators on the disclosure of economic crimes and the identification of damage caused to the state in 2019.

ArmInfo.  Armenia attaches importance to the active participation of the European Union in reform programs.  RA Minister of Finance Atom Janjughazyan announced  this on February 19 during the reception of Head of the EU Delegation   to Armenia, Ambassador Andrea Victorin.

ArmInfo.  The number of cash register receipts issued to Armenian citizens is growing steadily. On February 18, David Ananyan, Chairman of the State Revenue Committee  (SRC) of the RA, stated this in an interview with reporters.

ArmInfo. Armenia is not ready for serious investments today. Bagrat Asatryan, an economist and former chairman of the Central Bank of Armenia, said this at a  press conference in Yerevan on February 19.   Referring to the indicators of economic activity in 2019 and the  challenges of 2020, he noted that the growth in investment over the  past decade was mainly due to specific events and specific  transactions. Meanwhile, there are still no institutional mechanisms  to solve the existing problem. "From an institutional point of view,  Armenia is not ready for investments, but we should not wait for the  results of this or next year," he said, not excluding the possibility  of 1-2 deals, which, however, will not solve the problems.   The economist emphasized that the authorities should do something in  this direction, specific solutions are needed, including using  budgetary funds that could be directed to the development of specific  programs and their presentation to the international community. In  this case, according to Asatryan, a positive trend can be expected,  but you should not expect qualitative changes in a short period of  time.  According to Bagrat Asatryan, when applying specific steps  that are able to regulate the field, the results can be expected in  short term. "Develop the judicial system, and I promise you that the  investment flow will increase qualitatively, and interest rates in  the banking system will decrease significantly. The issue of property  rights, the law on property declarations are insufficient to solve  this problem, it is necessary to find solutions that would become  reality, not a promise, especially given the current situation, "said   the economist.  Touching upon Amulsar issue, the economist noted  that this, of course, could have a negative impact on the investment  environment. "There are certain dangers, such problems must be  resolved quickly. They should not be put off, the authorities should  be decisive. Each day of delay endanger the republic, "Bagrat  Asatryan said.

ArmInfo.Thebell of the ArmenianStock Exchange announced the listing of IDBank’s dollar bonds of 2nd issue of 2019. Thus, 4 tranche bonds issued by IDBank with a volume of 15 million USD and 250 millionAMD arecurrentlycirculatedinthesecondarymarket.

ArmInfo. In the near future, the State Revenue Committee of Armenia intends to minimize the human factor during tax inspection.

ArmInfo.  With the interval in each quarter, two companies will be privatized in Armenia in 2020. By decision of Prime Minister Nikol Pashinyan the schedule of  preparatory work for the privatization of state property for 2020 was  approved. This was reported by the press service of the Government of  Armenia.

ArmInfo.

ArmInfo.