Joining the Eurasian Economic Union (EEU) will somewhat increase grape production in Armenia, as well as wine and brandy production volumes, however, because grape cultivating resources are limited in the country existence of markets might result in falsifications of products, winemaker Avag Harutyunyan told reporters on Friday.
The Armenian government wants to hand over the shares of Nairit and Nairit-2 companies instead of debts to the Ministry of Finance and Vorotan HPP CJSC. Thus, the executive tries to improve the financial state of the energy system.
The legislative amendment on reducing the size of penalties for traffic violations will come into force on July 26. On this occasion organizations dealing with drivers rights call for motorists to be careful because attention toward drivers will rise.
Independent Armenia’s first president and opposition leader, Levon Ter-Petrosyan says the issue of Constitutional reforms creates a special gap between the government and the opposition, and in case of continuing it, President Serzh Sargsyan might face loss of power.
Iranian Ambassador to Armenia Mohammad Raisi says that in order to attract Iranian investment Armenia needs to “clarify the laws, simplify custom procedures.”
“Any country that desires to attract investments must create a legal field so that financial means are insured. I am not saying that there is no such field (in Armenia), but maybe it is not yet enough,” said the ambassador during a Friday press conference. Raisi emphasized that his country is prepared to engage in business with Armenia on many levels.
Authorities says well-known Armenian millionaire Levon Hayrapetyan’s detention at a Moscow airport is related to the businessman’s affiliation with organized crime, however, in Armenia the detention is being called an order by Azeris.
The Armenian Ministry of Finance, part of which is now overseeing tax collection, says that 98 out of 1,200 corporate taxpayers have themselves decided to “specify” their tax obligations, which will result in additional state budget revenues of nearly $1 million.
A ruling by an Armenian court forcing a newspaper to reveal a source has raised questions about media rights and freedom.
On June 26 the court forced Hraparak daily and ilur.am website to reveal the source of their information about a police officer’s illegal actions addressed to wrestler Artur Aleksanyan and his brother Rafayel Aseksanyan.
As authorities have begun monitoring local crops for chemicals, representatives of the State Service of Food Security on Monday said that while no chemicals are found in imported agricultural products in Armenia the state does not take 100 percent responsibility for local products.