Economy
Income Tax Refund Applications Open from January 15, 2025, Armenia
The State Revenue Committee (SRC) of Armenia has announced that citizens eligible for income tax refunds can begin submitting their applications starting January 15, 2025. This temporary delay is due to the implementation of a new Personal Account Card system…
Tom Lee’s Bold Nvidia Prediction: Can It Truly 10x Over the Next Decade?
Nvidia’s meteoric rise over the past two years has reshaped the technological and investment landscape. Now, Tom Lee, a renowned equity research analyst and managing partner at Fundstrat Global Advisors, predicts an unprecedented trajectory for the company: tenfold growth in…
Digital Marking System: A Burden for Small Businesses and a Threat to Consumer Prices
The State Revenue Committee’s (SRC) initiative to implement a digital marking system with unique identifiers is facing significant criticism, particularly from micro and small businesses. While the system aims to reduce the shadow economy and improve product circulation monitoring, its…
$SRA. Bitcoin as a Strategic Reserve Asset: Opportunities and Challenges
The intersection of cryptocurrency and national economic policy has captured global attention. Bitcoin, positioned as a potential “Strategic Reserve Asset” (SRA), has become a focal point in discussions among financial analysts, policymakers, and the crypto community. Historically, national reserves have…
Traffic on Gudauri-Kobi and Stepantsminda-Lars Sections to Be Conducted in Non-Stop Mode
According to information received from the Roads Department of Georgia’s Ministry of Regional Development and Infrastructure, traffic on the Gudauri-Kobi section of the international Mtskheta-Stepantsminda-Lars (M-3) highway, which connects to the Russian Federation border, is currently subject to restrictions due…
Test-Riding the 2025 Estarli E28.X E-Bike: Effortless Urban Mobility
E-bikes have seen significant advancements in recent years, moving away from bulky designs to sleeker, user-friendly options. The 2025 Estarli E28.X is a perfect example of this evolution, offering an easy-to-use and stylish solution for urban riders. Priced from £1,895…
Applications Open for Artificial Insemination Services for Cows Under State Support Program
As part of the “Pilot Program for Increasing Productivity” approved by the Government of Armenia on August 22, 2024 (Decision N 1392-L), the process of state-supported artificial insemination of cows has been launched. The program aims to enhance livestock productivity…
Joby Completes First FAA-Certified Testing of Major Aircraft Structure, Marking Key Certification Milestone
Joby Aviation, Inc. (NYSE:JOBY), a leading developer of electric air taxis, has completed its first FAA-certified static load test on a major aerostructure. This milestone marks a significant step toward type certification as the company advances its electric vertical take-off…
SRC Systems to Be Temporarily Unavailable During New Year Holidays
The State Revenue Committee (SRC) of Armenia has announced that due to the implementation of a new personal account system under the Tax Code reforms, several informational systems will be temporarily unavailable from December 31, 2024, to January 5, 2025.…
Rates of Armenian Dram, Precious Metals, and Oil Prices on December 16
The Central Bank of Armenia (CBA) has published the latest exchange rates for the Armenian dram (AMD) on December 16, along with updated prices for precious metals and international oil markets. Below are the key details: Exchange Rates USD (US…
Armenian Airlines Announces Changes to Flight Resumption Schedule
Armenian Airlines has announced changes to the flight resumption schedule due to delays in the planned technical maintenance (C-check) of its aircraft. The company attributes the delay to the extended duration of the maintenance work. The airline offers two options…
Support Program for Unrecoverable Loans to Launch in February 2025
Starting February 1, 2025, Armenia will launch a support program aimed at assisting individuals with unrecoverable loans. The program’s primary objective is to help borrowers transition out of informal (shadow) employment and restore their economic activity. Eligible participants are individuals…
Armenia’s SCPEC Imposes Over 1 Billion AMD Fine on 4 Major Gasoline Companies for Antitrust Violations
Armenia’s State Commission for the Protection of Economic Competition (SCPEC) made a significant ruling on December 10, 2024, imposing fines exceeding 1 billion AMD on four major gasoline companies for engaging in antitrust agreements. The penalties were distributed as follows:…
$100 Million Investment in Tourism and Regional Infrastructure Development Program
On December 12, Armenia’s Minister of Economy held a meeting with the Head of the World Bank’s Armenia Office, Carolyn Geginat, and Senior Disaster Risk Management Specialist Tafadzwa Dube. The meeting was also attended by Deputy Minister and Chair of…
Stepantsminda-Lars Road Closed for Trucks
The Rescue Service of Armenia’s Ministry of Emergency Situations has announced that some roads in the country are currently closed or difficult to pass. In Aragatsotn Province, the road leading from the Amberd high-altitude meteorological station to Kari Lake is…