Migrant Remittances To Armenia Keep Falling
Multimillion-dollar remittances from Armenians working abroad -- and in Russia in particular -- have continued to fall significantly this year, dragging down economic growth in Armenia.
According to the Central Bank of Armenia (CBA), they totaled about $1.1 billion in January-September, a year-over-year decrease of almost 11 percent...
Opposition Party Skeptical About New PM’s Reform Drive
By Ruzanna Stepanian
(RFE/RL)- The opposition Prosperous Armenia Party (BHK) voiced skepticism about Prime Minister Karen Karapetian’s pledges to create a level playing field for all businesses, saying that the ruling Republican Party (HHK) remains heavily reliant on government-linked tycoons.
Naira Zohrabian, the BHK chairwoman, ...
Karapetian Orders Action Against Government ‘Theft’
(RFE/RL)- Prime Minister Karen Karapetian ordered the Armenian government to root out what he called the embezzlement of budgetary funds set aside for government officials’ travel expenses.
Karapetian alleged and decried the illegal practice after his chief of staff, Davit Harutiunian, unveiled a new electronic system for the purchase of air ...
Armenian Tax Service Told To Target ‘Privileged’ Firms
(RFE/RL)- Prime Minister Karen Karapetian ordered Armenian tax authorities to tackle possible tax evasion among large and lucrative companies which he said are widely seen as being in a “privileged” position.
Holding his first cabinet meeting in Yerevan, Karapetian issued instructions to various ministers and other senior government ...
Armenian Government Signals New Economic Policy
(RFE/RL)- “Armenia needs a new ‘model of development’ in order to successfully address its socioeconomic problems,” Deputy Prime Minister Vache Gabrielian said recently.
Gabrielian commented on the newly appointed Prime Minister Karen Karapetian’s remark that “systemic changes” are required to improve what he called a “very ...
