 Armenia exempts small export businesses from customs duties January 13, 2022 - 16:01 AMT PanARMENIAN.Net - The Armenian government has approved a proposal from the Ministry of Economy to exempt small export businesses from state duties. The duty is paid for customs clearance. Earlier, consignments of up to AMD 100,000 (about $200) were exempted from it, now the privilege extends to businesses exporting goods worth up to AMD 1 million (about $2000). Minister of Economy Vahan Kerobyan told a Cabinet meeting on Thursday, January 13 that such support could be "significant" for small businesses. "For instance, in 2020, we exempted [some] wine exporters from duties. As a result, wine shipments to Europe increased by about 50% in 2021," Kerobyan said.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
