New government’s reforms 'effective remedy' against migration - economist  

16:05 • 03.08.18



If Armenia’s new government holds on to the positive track pursued in the past couple of months, they will manage to cut migration in half, reducing also the shadow in our economy, according to Vahagn Khachatryan, an economist and a former mayor of Yerevan.


At a news conference on Friday, Khachatryan shared his positive forecasts of Nikol Pashinyan’s cabinet’s work, appreciating particularly the strong commitment to reduce corruption risks and combat monopolies. Meantime, he pointed out to a general decrease in the migration rate “despite the population’s low living standards and the steadily continuing poverty and unemployment”.


“Judging by the developments of the past couple of months, we can expect an almost twofold decrease in migration, as well as in the shadow economy which is essentially high,” he noted.


Commenting on the economic activity index, Khachatryan noted that it dropped from 19% in March to 5.4% in May but increased again in June, reaching 9.6%


“A 9.6% economic growth is a very impressive result for which we owe to our agriculture, trade and development,” he said, highlighting positive dynamics also in the private transfers


But the economist refrained from addressing the imports, elaborating instead on the “highly effective”  tax policies. Citing the National Statistical Service, Khachatryan noted that at total of 150 billion Armenian Drams (AMD 480 = USD 1) was collected from different taxpayers last month alone (as opposed to the AMD 94 billion in June 2017).


He added that the total taxes collected in the first two quarters exceed last years’ statistics by AMD 70 billion (AMD 607 billion instead of the AMD 550 billion in January-June 2017).


The economist said he already observes the positive trends ruling out any underperformance of tax duties.

 

Nelly Lazaryan





Загрузка...

LATEST NEWSAll Today news

13:12 • 16/08

Ucom Suggests Starting an Academic Year with an Excellent Smartphone and a Lot of Internet

11:09 • 14/08

Artak Ananyan Appointed as the Chairman of the Management Board of Ardshinbank

17:47 • 13/08

With the Support of Ucom the DigiCamp 2018 Took Place in Artsakh

18:52 • 08/08

Electric car covered with 330 solar panels can recharge as it drives

18:46 • 08/08

China demolishes hundreds of churches and confiscates Bibles during crackdown on Christianity

18:22 • 08/08

Women break record in US election

18:12 • 08/08

Armenian prime minister wants face-to-face meeting with Trump - Washington Free Beacon

17:44 • 08/08

Nagorno-Karabakh reports heavy explosion in Azerbaijani defense post

17:16 • 08/08

Unemployment rate ‘unnaturally high’ in Armenia  

16:39 • 08/08

Ronaldo trying to lure Marcelo to Juventus  

16:25 • 08/08

Wrapped-up fetus found in bathroom of American Airlines flight from Charlotte to New York City

15:57 • 08/08

No major economic gaps bridged in Armenia after ‘Velvet Revolution’ - opinion

14:43 • 08/08

Former El Salvador president pleads guilty to money laundering  

13:51 • 08/08

Hundreds of thirsty cows swarm water truck in video that brings home Australia's awful big dry in stunning fashion 

13:30 • 08/08

Matthew Perry, 48, undergoes ruptured bowel surgery

13:13 • 08/08

Mercedez-Benz maker abandons Iran plans over US sanctions

12:56 • 08/08

Turkey sends delegation to US to discuss crisis

12:12 • 08/08

Apple tells US lawmakers iPhones are not listening in on consumers

11:48 • 08/08

Motion to release Kocharyan from custody rejected

11:06 • 08/08

UN chief calls for ‘increased commitment’ to resolution on 10th anniversary of Georgia conflict

10:27 • 08/08

Zhoghovurd: Former Kocharyan aide to consider appeal on second president’s release

09:59 • 08/08

Turkey pressures non-Muslim leaders Into claiming they are not pressured

09:28 • 08/08

Funeral meals leaves at least 9 in Peru

09:10 • 08/08

Colombia swears in new president

18:26 • 07/08

Armenian parliament vice speaker, Russian ambassador discuss bilateral agenda

17:56 • 07/08

Armenian capital, second city preferred destinations for Russian tourists

17:31 • 07/08

Jupiter's largest moon Ganymede is generating 'killer' waves of electrons that could wreak havoc for spacecrafts on future missions

17:15 • 07/08

Copy of Prince's The Black Album sells for record-breaking $27,500

16:54 • 07/08

Incredible 'living bridge' built by a million ants clinging to each other to attack a wasps nest is captured on video in Brazil  

16:19 • 07/08

Netanyahu calls for stronger Iran sanctions

15:58 • 07/08

Trump issues warning to Iran's trading partners

15:48 • 07/08

Pashinyan holds phone conversation with Kazakhstan's leader

15:27 • 07/08

Artsakh lawmakers launch petition demanding prosecuted ex-president's release

14:58 • 07/08

Serena Williams admits being 'in a funk' over motherhood

14:42 • 07/08

South Korean woman suffocates in coffin she was sleeping in during 'spiritual ritual' designed to bring good fortune

14:38 • 07/08

Boris Johnson faces criticism over burka remark

13:59 • 07/08

My Step Foundation offers scholarships to 18 beneficiaries of Luys  

13:13 • 07/08

Margot Robbie transforms into Sharon Tate for Tarantino flick

12:53 • 07/08

EU says encouraging trade with Iran 'crucial to nuke deal'

12:14 • 07/08

Rouhani: US will regret imposing sanctions on Iran

12:08 • 07/08

'Chicago doesn't flow': Kim Kardashian admits she doesn't love daughter's name  

11:42 • 07/08

Living in the Past or Reflecting on the Future? Russian diplomat warns of political impact on Karabakh peace  

10:39 • 07/08

Bangladeshi citizen detained while crossing Armenia-Turkey border (photos)

10:32 • 07/08

Меndocino Complex fire grows to become largest wildfire in California history

10:18 • 07/08

Zhoghovurd: 5,000 guests to arrive in Yerevan ahead of La Francophonie summit

09:42 • 07/08

Turkey, US reach preliminary agreement on sanctions crisis

09:28 • 07/08

Brazil closes border for Venezuela migrants

09:12 • 07/08

China calls for South peace deal

18:12 • 06/08

Bin Laden son marries daughter of lead 9/11 hijacker, say family

17:41 • 06/08

Armenia 'plunging into crisis' after revolution – opinion

16:54 • 06/08

New smart mirror creates 3D model of naked body to help track fitness and record changes of figure over time

16:05 • 06/08

UNESCO Life Sciences Armenia launches regional post-graduate research program for young scholars

15:11 • 06/08

VivaCell MTS offers special SMS services to roaming subscriberas

14:33 • 06/08

Horror as tourist is killed by a shark while holidaying with his wife and children in Egypt

13:17 • 06/08

Leonardo DiCaprio, 43, dates model Camila Morrone, 21  

13:01 • 06/08

Pompeo says sanctions ‘pillar of US policy’ toward Iran

12:42 • 06/08

Georgia’s accession to NATO may trigger 'terrible conflict,' says Russia’s Medvedev

12:29 • 06/08

Tank Biathlon 2018: Armenia qualifies for semi-finals

11:48 • 06/08

Only known photo of JFK with rumored fling Marilyn Monroe hits auction block 56 years after her death

11:34 • 06/08

Assassination attempt and protest send warning to Azerbaijan's rulers

11:26 • 06/08

Trump declares California wildfires 'major disaster'

11:16 • 06/08

Contract serviceman reported dead in Nagorno-Karabakh

10:21 • 06/08

Top law enforcement official denies political bias in ex-president’s arrest

09:26 • 06/08

Saudi Arabia freezes Canada trade ties, recalls envoy

09:14 • 06/08

Scores die as new earthquake hits Indonesia

15:17 • 04/08

Weinstein seeks to dismiss case based on accuser's emails

14:41 • 04/08

Europe faces its hottest day ever today with temperatures set to hit 118F

14:16 • 04/08

At  least 11 workers killed  in  India  quarry  blast

14:04 • 04/08

Nagorno-Karabakh reports 250 Azerbaijani ceasefire violations

13:31 • 04/08

'Intervention in justice': Kocharyan’s lawyers slam law enforcement official over ‘biased remarks’

12:32 • 04/08

Scattered protests in Iran amid looming US sanctions

11:58 • 04/08

Serj Tankian to receive ANCA-WR ‘People’s Champion' award

11:49 • 04/08

Pompeo: Turkey remains key us ally despite tensions

11:33 • 04/08

Football: Barcelona agree with Bayern Munich to sign midfielder

10:46 • 04/08

NASA announces crews for the first flights of SpaceX and Boeing’s passenger spacecraft

10:30 • 04/08

Helicopter crashes in Russia’s Krasnoyarsk territory, deaths feared

10:02 • 04/08

Former deputy PM charged over March 1, 2008 coup case

09:12 • 04/08

Denmark fines first woman for wearing veil

18:06 • 03/08

Russian city to name street after Armenian war veteran

17:25 • 03/08

Kim Kardashian puts her customised Range Rover up for sale for $85,880

17:15 • 03/08

Chinese amputee food courier delivers meals to 60 customers a day to pay for prosthetic leg

17:03 • 03/08

Armenia key strategic ally for Moscow, says top security official

16:05 • 03/08

New government’s reforms 'effective remedy' against migration - economist  

14:55 • 03/08

Chinese foreign minister urges Seoul, Pyongyang to officially end Korean war

14:33 • 03/08

Russia will lose South Caucasus 'after losing Armenia', says diplomat

13:51 • 03/08

Murray 'may not play' Washington Open quarter-final after 3am finish

12:57 • 03/08

Russian official denies suspension of $100m worth weapons supply deal with Armenia

12:21 • 03/08

Armenia’s third report on UN civil and political rights discussed at Foreign Ministry  

11:40 • 03/08

Oldest meteorite ever found: 4.56 billion year old space rock could reveal the secrets of our solar system's formation

11:21 • 03/08

Trump lashes out at 'fake, disgusting news' as he denies he was late for his meeting with the Queen

10:39 • 03/08

France outlaws street harassment

10:29 • 03/08

Turkish, US top diplomats hold first meeting after sanctions

10:19 • 03/08

Iran: Protesters sweep cities amid clashes with security

10:10 • 03/08

At least 10 dead in Zimbabwe post-election violence

10:01 • 03/08

Glendale city council approves Armenian city museum design plans

09:48 • 03/08

Montreal model and artist Zombie Boy dead at 32

09:43 • 03/08

Google plans censored search engine in China

09:33 • 03/08

Apple steadily climbs to become first trillion-dollar company in US

09:25 • 03/08

Bangladesh capital paralysed in angry teen road safety protests

09:11 • 03/08

Zimbabwe election: Incumbent Mnangagwa leads poll