Economy

According to the data from the State Revenue Committee for the third quarter of 2024, Armenia’s 5 largest banks collectively paid 55.736 billion drams in taxes to the state.

The Ministry of Economy proposes another program to support exports by compensating transportation costs.

Around 450 Armenian cargo trucks are currently parked at the “Upper Lars” checkpoint. This is reported by the Traffic Organization Center of North Ossetia.

Armenia’s internal and external state debts have almost become equal. According to data published by the Ministry of Finance, it is clear that from June to September, the internal state debt increased by about 300 million dollars, reaching a total of 6 billion 205 million dollars.

According to the Statistical Committee of Armenia, the volume of construction in the country from January to September has increased by 15.9% compared to the same period last year. During this time, construction worth 406 billion 37 million drams has been carried out.

Armenia’s foreign trade turnover increased by 73.46% in the January-September period of 2024 compared to the same period last year.

In 2023, a chart of Armenia’s agricultural gross production structure shows that agriculture is primarily focused on animal-based products.

Exports from Armenia to the United States increased by 25%, reaching $50.2 million. This was announced by Minister of Economy Gevorg Papoyan.

Amendments have been made to the Tax Code, according to which Armenia, based on the principle of reciprocity, will grant road fee exemptions to Iranian trucks.