PM Nikol Pashinyan: International Investors Interested In Armenia.

The international press continues praising the Armenian government’s economic policy and reforms, Prime Minister Nikol Pashinyan said in a Facebook post.

His comments came in response to a Reuters article about “the new-found appeal of the tiny ex-Soviet republic among investors hungry for yield in a world of negative interest rates”.

“Alongside the country’s new political image, a new economic image is emerging, proving Armenia as an attractive country for investments, which attracts international investors,” Pashinyan wrote.

Economic growth in Armenia picked up to 6.5% in year-on-year terms in the second quarter of 2019. This week the central bank raised its GDP growth forecast for this year to 6.9-7.1% from 4.9% due to the strength of both manufacturing and services.

Next year Armenia will cut corporate tax to 18% from 20%, introduce a flat-rate income tax of 23% and will hike tobacco and alcohol duties. Private firms with a turnover of less than $50,000 a year will benefit from zero taxes.

H/T PanArmenian

Get in Touch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

French-Armenian Surgeon Aram Gazarian Leads World’s First Double-Arm-And-Shoulder Transplant Operation In Lyon.

French-Armenian surgeon Aram Gazarian led the first double-arm-and-shoulder transplantation operation in Lyon, France, reports The Guardian. An Icelandic man who...

Larry King, Legendary TV Host Dies At 87.

Larry King, the award-winning TV & radio host, died Saturday morning at the age of 87 after being hospitalized with COVID-19.

SecState-Nominee Blinken Says Biden Will Consult With Congress On April 24th Statement & In Assisting Return Of POWs.

President Joe Biden’s nominee to serve as Secretary of State, Antony Blinken, confirmed that the incoming Administration will consult with Congress on...

Get in Touch

20,822FansLike
2,507FollowersFollow
0SubscribersSubscribe

Latest Posts

French-Armenian Surgeon Aram Gazarian Leads World’s First Double-Arm-And-Shoulder Transplant Operation In Lyon.

French-Armenian surgeon Aram Gazarian led the first double-arm-and-shoulder transplantation operation in Lyon, France, reports The Guardian. An Icelandic man who...

Larry King, Legendary TV Host Dies At 87.

Larry King, the award-winning TV & radio host, died Saturday morning at the age of 87 after being hospitalized with COVID-19.

SecState-Nominee Blinken Says Biden Will Consult With Congress On April 24th Statement & In Assisting Return Of POWs.

President Joe Biden’s nominee to serve as Secretary of State, Antony Blinken, confirmed that the incoming Administration will consult with Congress on...

Arman Tsarukyan vs. Matt Frevola Arranged For UFC 257 Following Loss Of Scheduled Opponents On Saturday.

Arman Tsarukyan and Matt Frevola will face one another at UFC 257 after a chaotic shuffle at Friday’s official weigh-ins. The 157-pound catchweight bout...

“Congress Should Recognize Artsakh” – Adam Schiff

On Thursday, Rep. Adam Schiff (D-California) in an in-depth interview with Asbarez Editor Ara Khachatourian, said that the United States Congress should...