Economy

The Chairman of the State Revenue Committee of Armenia, Eduard Hakobyan, stated on Public Television that transactions up to 300,000 AMD are not subject to declaration, he clarified that the 300,000 AMD threshold applies to each individual transaction, not the total sum of similar transactions.

The State Revenue Committee has announced that individuals who submit an annual income declaration will be able to take advantage of social expense reimbursement opportunities for expenses incurred both for themselves and their family members

A draft law is being discussed in the National Assembly that would allow pension fund managers to also manage specialized funds.

Armenia has addressed the main shortcomings that led to its inclusion on the EU aviation “blacklist.” This was reported by the Ministry of Territorial Administration and Infrastructure.

As part of the income declaration system, the state plans to set a threshold below which transfers will not require declaration. Chairman of the State Revenue Committee (SRC), Eduard Hakobyan, announced this during a press conference summarizing the results of 2024.

At the government session held on January 16, changes were approved to the subsidy program for interest rates on loans provided for agricultural raw material procurement

The Central Bank has decided to implement a unified system for QR payments. A requirement for interoperability in making payments or transfers using QR codes has been established. This will come into effect on October 1.

During a press conference held on January 13, Minister of Economy Gevorg Papoyan announced that temporary restrictions have been imposed on the import of pigs to Armenia starting from January 1

In a press conference summarizing the work of the Ministry of Economy in 2024, Minister Gevorg Papoyan discussed the flow of tourists visiting Armenia, noting that approximately 2.215 million tourists visited Armenia in 2024.

Economy Minister Gevorg Papoyan, summarizing the work of the department in 2024 at a press conference, also discussed the planned activities for 2025. The minister spoke about the implementation of the “Peace Crossroads” program and the crucial need for the “Shirak Dry Port” project in this context.