Economy

A refrigeration facility is being put into operation in the village of Bazum, part of the Pambak community

According to the 2024 data, the Zangezur Copper-Molybdenum Combine ranks first on the list of the largest taxpayers in Armenia. The State Revenue Committee of Armenia has published the list of the largest taxpayers for 2024.

From January to November 2024, Armenia’s foreign trade turnover reached $28.18 billion, exceeding the comparable figure for 2023 by $9.88 billion or 54.01%. This was according to data published by Armenia’s Statistical Committee.

Apartment rental prices in Yerevan have dropped. According to experts, there has been a 30% decrease in rental rates.

The Armenian government has announced plans to construct wind power plants. It is part of a state-led initiative. By 2040, the country aims to achieve a total wind energy capacity of approximately 500 megawatts.

Starting January 27, 2025, a new 20,000-dram banknote will be introduced as a legal tender. It will be accepted unconditionally at its face value without any time limitations. This was announced by the Central Bank.

Armenia is negotiating the construction of a new nuclear power plant not only with Russia and the United States but also with Korea and China. This was reported by the Ministry of Territorial Administration and Infrastructure.

Starting January 1, 2025, most micro-enterprises, as well as a range of small and medium-sized businesses in Armenia, will operate under new tax conditions, which, according to traders, have increased their tax burden and placed them in difficult circumstances.

The National Assembly has adopted a draft law amending the Tax Code, which will reduce penalties for an incorrectly written product code on a cash register receipt in Armenia.

A consultation chaired by Prime Minister Nikol Pashinyan focused on a draft law aimed at regulating the crypto assets sector