The eleven parties/political alliances running in the December 9 snap parliamentary elections in Armenia have a variety of opinions regarding income tax policy and mandatory social security contributions, two economic issues that are being widely deb
Yerevan apartment prices rose an average of 9.9% in the third quarter of this year, as compared with the same period last year, with the Kentron (Center) district of the Armenian capital leading the way at 19.4%.
The government of newly elected Armenian Prime Minister Nikol Pashinyan has given the economy top billing in its 29-page policy paper, presented to the parliament for final approval, but those looking for specifics may feel shortchanged.
These findings, recently released by the Ministry of Finance’s budgetary audit inspectorate, reveals that the ministry was woefully lax in monitoring the expenditures, totaling the equivalent of US$1.080 million at today’s exchange rate.
Inspections were carried out by the Inspectorate for Financial and Budgetary Supervision of the Ministry. The Inspectorate checked the accuracy of the expenditure of state budget, special funds and other state sources paid to companies that are more than 50% state-owned and other entities.
Protests targeting the ruling Republican Party of Armenia (RPA) aren’t confined to the streets of Yerevan, the capital of Armenia.
Most of the reserves are in the form of foreign currency. Armenia sold all of its gold in late 2003.
Armenia’s foreign debt amounted to $5.560 billion at the end of February; a decrease of $15.8 million compared to January.
Armenia’s Central Bank reports that $28.3 million of the above amount was sent to recipients in Russia; an $11.7 million increase over January 2017.