{"id":126968,"date":"2020-02-13T14:39:41","date_gmt":"2020-02-13T14:39:41","guid":{"rendered":"https:\/\/armbanks.am\/2020\/02\/13\/249134\/"},"modified":"2024-12-15T13:40:21","modified_gmt":"2024-12-15T13:40:21","slug":"leasing-procedures-will-be-simplified-in-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/02\/13\/126968\/","title":{"rendered":"Leasing procedures will be simplified in Armenia"},"content":{"rendered":"\n<p><strong>YEREVAN, February 13. \/ARKA\/. <\/strong>Leasing procedures in Armenia will be simplified, and market volumes are expected to  double, Deputy Economy Minister Avag Avanesyan said during a government meeting on Thursday.<\/p>\n\n\n\n<p>The government made today a set of changes to a number of laws, aimed at simplifying the procedures for concluding leasing transactions.<\/p>\n\n\n\n<p>\u201cThe changes regulate the leasing field and open up new opportunities for the development of this sector. As a result, we expect that after the changes are adopted the amount of leasing transactions will double,\u201d Avanesyan said.<\/p>\n\n\n\n<p>He said one of the changes stipulates the leasing agreement can be concluded by two parties. Under the current law they are to be signed by three parties .<\/p>\n\n\n\n<p>According to him, this will allow to carry out so-called secondary leasing transactions, Thus,  if earlier one could lease an agricultural  machine  and then return it, the bank could no longer re-lease that machine.<\/p>\n\n\n\n<p>According to the deputy minister, leasing transaction will  similar to providing a property-secured loan, which will also help reduce interest rates in the market.<\/p>\n\n\n\n<p>The amendments also provide for the solution of such issues as  payment of taxes, VAT, penalties for violation of traffic rules, depreciation expenses and a number of other issues, which will increase the attractiveness of leasing. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leasing procedures in Armenia will be simplified, and market volumes are expected to  double, Deputy Economy Minister Avag Avanesyan said during a government meeting on Thursday<\/p>\n","protected":false},"author":1,"featured_media":182949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[12726,12688],"class_list":{"0":"post-126968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-leasing","10":"tag-armenia-analyst-inflation"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/126968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=126968"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/126968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/182949"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=126968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=126968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=126968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}