Economy

The taxes of the two largest taxpayers in Armenia, “Soft Contract” and “Digitain,” have almost doubled compared to the previous year.

On November 8, 300,000 young fish of the “Gegharkunik” subspecies, each weighing 8-10 grams, were released into Lake Sevan from the fish farm in Karchaghbyur, a village in Gegharkunik Province’s Vardenis community

A concrete agreement has been reached regarding organizing a trilateral meeting on launching the India-Iran-Armenia transportation route. This was announced by Iran’s ambassador, Mehdi Sobhani.

The construction of bridges and tunnels on the Sisian-Kajaran road was discussed at a government meeting today.

Armenia’s Minister of Economy, Gevorg Papoyan, has announced efforts to find new wheat suppliers. The minister mentioned that they are negotiating with several countries to diversify wheat imports.

The dialogue on visa liberalization between Armenia and the European Union began in September 2023, when European Commission Vice President Margaritis Schinas visited Yerevan. This step contributes to strengthening relations between Armenia and the EU by simplifying entry into the Schengen area for Armenian passport holders.

Work on the Kaps and Vedi reservoirs will continue. Plans also include the construction of 28 additional small reservoirs. This was announced by the Minister of Territorial Administration and Infrastructure, Gnel Sanosyan.

Since the beginning of 2024, income tax returns for mortgage payers have reached 67 billion drams (approximately $173 million), while returns for other sectors (including tuition refunds for working students) have totaled 81 billion drams (about $210 million).

To increase slaughterhouse processing, those farmers who carry out livestock slaughter in slaughterhouses will be compensated with cash.