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15.3.2023

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15.03.2023
Vahan Kerobyan: In last 15 years, impressive economic indicators registered in Armenia -Economic growth is 12.6 %
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The Minister of Economy Vahan Kerobyan presented the report on the economy on the process and results of the RA Government programme implementation (2021-2026) in 2022 at March 15 sitting of the NA Standing Committee on Economic Affairs.

According to the results of 2022, the highest economic indicators were recorded in Armenia in the last 15 years: the economic growth was 12.6%. The gross domestic product (GDP) was 8.496.777.9 million AMD at current prices, at average annual prices of the previous year – 7.865.923.1 million AMD.

According to the Minister, due to the high rate of export growth, the service export/GDP ratio in 2022 was 47.07 %. “This is a record high index,” Vahan Kerobyan said. Compared to the previous year, the increase was 12.3 %.

Vahan Kerobyan stated that 50 investment projects are currently under debate.

According to the Minister, legislative reforms have been implemented in the business environment.

Achievements were also registered in the field of tourism. In 2023, 220.000 tourists have already visited Armenia.

Improved income tax and value added tax refund systems have played a significant role in economic success.

In 2022, the number of registered jobs continued to grow. In particular, in December of the financial year, according to the data of the State Revenue Committee (SRC), an absolute record of workplaces in the history of the RA was registered: 704 thousand workplaces. This is about 45 thousand or 6.8 % more than the same index of December 2021.

In the second quarter of 2022, the unemployment rate decreased to 13 %, compared to 15.2 % in the second quarter of 2021, the annual average of 15.5 % in 2021, and the annual average of 19 % in 2018. In the third quarter of 2022, the unemployment rate was 11.6 %, the lowest index over the past 14 years.

The Head of the SRC Rustam Badasyan informed that in 2022 the revenues of the state budget amounted to one trillion 926 billion AMD, which is 339 billion more compared to the previous year. According to Rustam Badasyan, all this had a positive impact on the business environment. The returnability of the mortgage program also promoted this.

The number of workplaces was 704 thousand, and the settlement documents provided a circulation of 10 million dollars. The Head of the SRC spoke about the reforms implemented in the sector, especially the management and administration reforms in the tax and customs spheres were highlighted.

It was noted that the total amount of taxes paid by 1000 large taxpayers was about 1.5 trillion AMD or about 78 % of the total tax revenues, which is 32 % more than the corresponding indicator of the previous year.

The rate in 2022 is incomparably higher not only in comparison to 2021, but also to the period preceding it, including the most favorable or pre-crisis period in economic terms. The total volume of tax payments for 100 large taxpayers increased by 212.3 billion AMD or 32 %.


15.03.2023
Taguhi Tovmasyan: The More We Talk About Peace, the More Aggression by Azerbaijan We Face
On March 15, the Chair of the Standing Committee on Protection of Human Rights and Public Affairs, Taguhi Tovmasyan hosted the delegation of His Excellency Mr. John Gallagher, the Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Armenia, in ...

15.03.2023
Sargis Khandanyan Meets with Ambassador of Sweden to Armenia
On March 15, the NA Chair of the Standing Committee on Foreign Relations Sargis Khandanyan hosted Ambassador Extraordinary and Plenipotentiary of Sweden to Armenia Patrik Svensson.By Sargis Khandanyan’s assessment, inter-parliamentary relations between Armenia and Sweden are active. The Committee Ch...

15.03.2023
Legislative Package Debated in Standing Committee on Economic Affairs: It is Proposed to Create One Unified Electronic Database of Restrictions Applied to Real Estate
It is proposed to create one unified electronic database of restrictions applied to real estate. The Government will define the requirements and submission procedure for electronic documents. Within one year after the approval of that order and the law adoption, certain restrictions applied to real ...

15.03.2023
Zareh Sinanyan: Armenian Language Courses Organized in Financial Year, in which 240 Repatriates Participate
The draft law on Repatriation has been developed regarding which two debates were organized in the RA NA Standing Committee on Science, Education, Culture, Diaspora, Youth and Sport. The bill has been revised according to the proposals received. It is designed to circulate the revised version of the...

15.03.2023
Minister of Finance: In 2022 debt weight in AMD is 37.9 %, Increasing by 9.1 % compared to Same Period Last Year
The economic growth and developments recorded in 2022 have given an opportunity to improve the debt/GDP (gross domestic product) ratio. According to the Government programme, it was aimed to lower it below 60 % in 2026, but significant improvement was registered in the results of 2022: the debt/GDP ...

15.03.2023
Minister of Emergency Situations: 871 Million AMD Allocated from State Budget for Improvement of Technical Equipment of Rescue Service
In 2022, the rock fall hazard sites on the territories of the RA marzes were adjusted. Compulsory rock fall works were carried out in 2 rock fall hazard sites of Tavush Marz, 13 – Gegharkunik Marz – 6, Vayots Dzor Marz – 3, Syunik Marz – 6. The RA Minister of Emergency Situations Armen Pambukhchyan ...

15.03.2023
Government Programme 2022 performance introduced: 36 out of 60 environmental protection measures planned for 6 years implemented
60 measures are designed to be implemented within six years regarding the priority directions of the environmental protection sector, 36 out of which will be implemented in 2022. 21 out of these measures are continuous, and only 15 were to be fully implemented by 2022. We have both achievements and ...

15.03.2023
Minister of Internal Affairs: Tendencies of raising efficiency of prevention of traffic accidents are noticed in regions, where Patrol Service is introduced
During the year 2022, the National Assembly adopted the legislative package of the formation of the Ministry of Internal Affairs. The basis of the structure of the new Ministry is the Police, the Rescue and Migration Service. The works of the elaboration of the organizational, as well as sub-legisla...

15.03.2023
Committee debates a number of drafts in second reading, debate of one legislative package postponed
The NA Standing Committee on Economic Affairs debated the package of drafts authored by the Government on Making Amendments and Addenda to the RA Tax Code and on Amending the RA Civil Code at March 15 sitting in the second reading, by which it is proposed to revise the rules for determining the valu...

15.03.2023
Initiative Proposes to Regulate Production, Import and Trade Implementation Sphere of Explosive Substances
It is proposed to define the production, importing activity, trade, storage, use (operation) of explosive substances and blasting products, implementation of blasting operations as types of activities subject to licensing, the rate of state duty for engaging in the specified types of activity, as we...

15.03.2023
Issue Debated in NA Standing Committee on Economic Affairs: Executive Body Proposes to Exempt a Number of Activities from Notification Requirement
At the sitting of the NA Standing Committee on Economic Affairs, the proposed amendments and addenda to the Laws on Notification of Activity Implementation and on State Tax were debated in the first reading.The RA Minister of Economy Vahan Kerobyan informed that currently there are 19 types of activ...

15.03.2023
RA Law on Environmental Impact Assessment and Expertise Reformed
The draft adoption stems from the RA-EU Comprehensive and EnhancedPartnership Agreement, as well as from the problems that emerged as a result of the law enforcement: the RA Minister of Environment Hakob Simidyan said at March 15 sitting of the NA Standing Committee on Territorial Administration, Lo...

15.03.2023
Suren Papikyan: In 2022, 917 Servicemen get an apartment or residential house within the framework of state purposeful programme affordable apartment to Serviceman
In 2022, the National Assembly passed the bill envisaging amendments and addenda to the law on Defense, within the framework of which changes of the departments of the Armed Forces and the Chief Headquarters of the Armed Forces, subordinate units and military units’ structures were carried out. Educ...

15.03.2023
Committee Adopts Legislative Initiatives in Second Reading: Amendments and Addenda to Law on Audiovisual Media
As a result of adopting the proposed amendment and addendum to the law on Audiovisual Media, audiovisual media consumers in the RA will be able to use the identical order of broadcast programs and easily choose their preferred program. This was said by the Chair of the RA NA Standing Committee on Sc...

15.03.2023
Committee Endorses a Number of Legislative Initiatives
The NA Standing Committee on Territorial Administration, Local Self-Government, Agriculture and Environment Protection debated the draft law on Making Amendments and Addenda to the RA Code on Administrative Offenses with the related legislative package in the second reading. The legislative package ...

15.03.2023
Deputy Minister of Finance: Favourable Tax Environment to be Formed for Filtering the Golden Concentrate and Alloy in our Country by Legislative Initiative
The aim of the draft law on Making Amendment and Addendum to the RA Tax Code is the formation of the favourable tax environment for filtering the gold concentrate and the alloy in the Republic of Armenia: the RA Deputy Minister of Finance Arman Poghosyan said, presenting the legislative initiative o...



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