Tue, 8 April
9.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Finance Minister: shadow economy in Armenia ranges from 25 to 45%

YEREVAN, December 11. /ARKA/. Shady dealing in Armenia’s economy ranges from 25 to 45%, depending on method of calculation, Finance Minister Tigran Davtyan said Thursday in National Assembly.

He said that increase of tax inflow ratio to GDP will make it possible to reduce shadow economy in the country.

Under the 2010 state budget, the ratio will rise 0.6% to 17.7%.

It is planned to attract additional 20 to 25 billion drams to the state budget.

The government expects that AMD 570 billion will be transferred to the state budget as taxes.

This amount constitutes 17.7% of GDP. ($1=3AMD 83.9) –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

LATEST NEWS

spot_imgspot_imgspot_img