Tax and customs administration hamper Armenia’s economic developmentNovember 10, 2010 - 15:55 AMT PanARMENIAN.Net - Vice Chairman of the RA Parliamentary Standing Committee of Economic Affairs, member of Prosperous Armenia parliamentary group Vardan Bostanjyan said that the 2011 state budget of Armenia is a budget of the government’s opportunities aimed at fulfillment of its duties. The budget amounts to AMD 1 trillion, which is not enough to solve all the problems, said Bostanjyan. Chairman of the United Labor Party Gurgen Arsenyan said for his part that the 2011 draft budget does not differ anyhow from other accounting documents, as target ways for development are not defined by it. Arsenyan noted that the tax and customs administration hamper the development of Armenia’s economy, as “these structures should fulfill the plan set before them.” He added that small and medium enterprises basically carry the tax load. Bostanjyan agreed with his opponent that the reforms implemented in the field have not yielded results, while SMEs are in an unfavorable situation. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |