Tue, 7 October
15.1 C
Yerevan
USD: 382.58 RUB: 4.60 EUR: 446.20 GEL: 140.78 GBP: 513.46

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img