Tax and customs administration hamper Armenia’s economic developmentNovember 10, 2010 - 15:55 AMT PanARMENIAN.Net - Vice Chairman of the RA Parliamentary Standing Committee of Economic Affairs, member of Prosperous Armenia parliamentary group Vardan Bostanjyan said that the 2011 state budget of Armenia is a budget of the government’s opportunities aimed at fulfillment of its duties. The budget amounts to AMD 1 trillion, which is not enough to solve all the problems, said Bostanjyan. Chairman of the United Labor Party Gurgen Arsenyan said for his part that the 2011 draft budget does not differ anyhow from other accounting documents, as target ways for development are not defined by it. Arsenyan noted that the tax and customs administration hamper the development of Armenia’s economy, as “these structures should fulfill the plan set before them.” He added that small and medium enterprises basically carry the tax load. Bostanjyan agreed with his opponent that the reforms implemented in the field have not yielded results, while SMEs are in an unfavorable situation. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |