All news related to government

Government to lower rates on subsidized loans

26.07.2017 18:58

Government to lower rates on subsidized loans

YEREVAN, July 26. /ARKA/. The government of Armenia is going to lower the rates on subsidized loans provided to farmers and also increase the related financing, Deputy Minister of Agriculture Robert Makaryan told journalists on Wednesday.

Government-subsidized loans are given in Armenia’s national currency- the dram. The average loan size is 625,000 drams. Loans are provided with a grace period of 6 months, after which only interest is paid off, while another six months are given for the payment of the rest of the amount.
Makaryan said the government has revised the program deciding to lower interest rates on loans. In particular, if earlier loans were granted at the rate of 14%, of which 6% were subsidized by the government, and farmers received loans at 8% interest rate, now the final rate for farmers will be 5%.

At the same time, the rate for border villages included in the state support program will be even lower at 3%, he said.

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EBRD-managed fund to provide grant for construction of eu-compliant facility

30.06.2017 22:27

EBRD-managed fund to provide grant for construction of eu-compliant facility

Supporting Armenia’s effort to become greener, the E5P fund is co-financing the construction of a new landfill for solid waste for the Gegharkunik and Kotayk regions with a €2 million grant

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Government to cut spending and increase reserve fund

01.12.2016 18:29

Government to cut spending and increase reserve fund

The Armenian government has approved on Thursday a set of changes to its draft 2017 budget, proposed by finance minister Vardan Aramyan

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Armenian government to auction companies with state capital

11.11.2016 11:34

Armenian government to auction companies with state capital

The government of Armenia will put up companies with state capital to public auctions, Prime Minister Karen Karapetyan told a Cabinet meeting today

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Armenian parliament okays government’s policy program

21.10.2016 17:29

Armenian parliament okays government’s policy program

By a vote of 85 to 7 and six abstentions Armenia’s National Assembly has approved today the new government’s policy program

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Armenian government may move state debt-GDP ratio ceiling up to create room for new debts

26.08.2016 16:11

Armenian government may move state debt-GDP ratio ceiling up to create room for new debts

The necessity of amending the law on Armenia’s state debt is being discussed now as part of the development of the government budget for 2017, and these changes are essential, Haykakan Zhamanak reports referring to its sources

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Armenian government narrows budget deficit and spending by AMD 10.4 billion

22.07.2016 18:52

Armenian government narrows budget deficit and spending by AMD 10.4 billion

Armenia’s government decided Thursday to narrow budget deficit by AMD 10.4 billion

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Government approves $55 million loan agreement with EBRD

09.06.2016 18:54

Government approves $55 million loan agreement with EBRD

The government of Armenian has approved on Thursday a loan agreement to the tune of $55 million, signed in February 2016 with the European Bank for Reconstruction and Development (EBRD)

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Armenian banks’ transfers to government budget increased 10% to AMD 41.2 billion in 2015

27.01.2016 15:42

Armenian banks’ transfers to government budget increased 10% to AMD 41.2 billion in 2015

Armenia’s all 21 banks were among the country’s 1000 biggest taxpayers in 2015, the Armenian tax agency reports on its website

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Government approves mid-term revenue and spending programs for 2016-2018

08.07.2015 19:00

Government approves mid-term revenue and spending programs for 2016-2018

The Armenian government on Wednesday approved its medium-term revenue and spending programs for 2016-2018. Finance minister Gagik Khachatryan said the 2016 budget revenues are expected to amount to 1 trillion and 211 billion drams, which would make 24.6% of the projected GDP. He said the figure is by 19.8 billion drams more than projected for 2015

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