Armenia’s top 1000 taxpayers pay by 13% more taxes

Save

Share

 20:21, 29 January, 2020

YEREVAN, JANUARY 29, ARMENPRESS. The taxes paid by the top 1000 taxpayers of Armenia in 2019 amounted to 1 trillion and 61 billion AMD, which is a rise of 122 billion AMD (13%) against 2018, ARMENPRESS reports PM Pashinyan wrote on his Facebook page.

According to the PM, the increase of the taxes paid in 2019 against 2017 is 254 billion AMD or 31%.

In 2019 the top 10 taxpayers paid 257 billion AMD taxes, which is an increase of 23 billion (10%) against 2018.

191 companies paid over 1 billion taxes in 2019, while this number was 166 in 2018 and 141 in 2017.

361 companies paid over 500 million AMD taxes in 2019, while this number was 320 in 2018 and 285 in 2017.

Edited and translated by Tigran Sirekanyan

Armenia discusses evacuation option of citizens from China

Save

Share

 21:22, 29 January, 2020

YEREVAN, JANUARY 29, ARMENPRESS. Deputy Minister of Foreign Affairs of Armenia Avet Adonts held a meeting on January 29 with Ambassador of China to Armenia Tian Erlong to discuss the coronavirus outbreak in China.

Ambassador Erlong underscored China’s readiness to continue closely cooperating with Armenia in the direction of solving the various problems associated with the coronavirus spread, the foreign ministry said.

During the meeting the sides comprehensively addressed the problems faced by Armenian citizens who are currently in China’s Hubei province – the epicenter of the outbreak – and the steps to address these problems.

Deputy FM Adonts said that the Armenian Embassy in China is in constant contact with the nearly 400 Armenian citizens who are currently living in different provinces in China and who are registered at the embassy, 7 of whom are currently in Hubei.

The Armenian Embassy is also taking all possible measures in the direction of responding to the Armenian nationals’ questions and problems.

Adonts added that the Armenian foreign ministry and the Armenian Embassy in China are maintaining continuous contact with the Chinese authorities and other partner countries and their embassies regarding the issue of evacuating the Armenian nationals.

Edited and translated by Stepan Kocharyan




Tigran Sargsyan to work in EDB after leaving office in Eurasian Economic Commission

Save

Share

 19:38, 29 January, 2020

YEREVAN, JANUARY 29, ARMENPRESS. Board chairman of the Eurasian Economic Commission (EEC)Tigran Sargsyan, who is due to leave the office on January 31, will head the Digital Initiatives Foundation of the Eurasian Development Bank, ARMENPRESS was informed from the press service of the EEC.

“Tigran Sargsyan will preserve the status of high-level international official. The goal of the foundation is to assist the member states of the Eurasian Economic Union and Tajikistan to digitalize their economies. Those countries are members to the Eurasian Development Bank, the goal of which is to assist their economic development and expansion of trade and economic relations between them”, a press service official said.

Edited and translated by Tigran Sirekanyan

HSBC considering exit from Armenia, Greece, Oman, Turkey – Reuters

Save

Share

 20:51, 29 January, 2020

YEREVAN, JANUARY 29, ARMENPRESS. HSBC is considering selling its Turkey business amid concerns about the country’s volatile currency and economic outlook, ARMENPRESS reports sources familiar with the matter told Reuters.

As part of broader cost-cutting measures under interim Chief Executive Noel Quinn, the bank is also seeking to sell or shrink its business in some other markets, the sources said.

These include countries where it has small-scale operations that struggle to compete with local players, including Armenia, Greece and Oman, they said.

A spokeswoman for HSBC declined to comment.

HSBC will seek to sell its banking business in Turkey if it can find a local buyer, the sources said, adding that no final decision has yet been taken.

The bank’s retreat from Turkey, where it has operated since 1990, would be one of the biggest exits from a country it has made in recent years as it shrinks its once globe-spanning empire.

HSBC has already shrunk its presence from some 315 branches and around 6,000 staff in 2013 to around 80 branches and 2,000 staff as of September last year, according to data from the Banks Association of Turkey.

Turkey has been a problem country for HSBC in recent years as volatility in the lira and economic problems have hit its returns, with the bank flagging rising expected loan losses there in its 2018 annual report.

A currency crisis in 2018 cut the lira’s value by nearly 30%, brought on a brief but sharp recession, and prompted Ankara to clamp down on the financial sector with a series of new rules aimed at stabilizing the currency and kick-starting economic growth.

The lender previously attempted to sell its business in Turkey in 2015, Reuters reported at the time, with Dutch lender ING among the interested parties.

But the sale never went through, and the lender instead pursued branch closures and job cuts that saw it swing from a loss in 2014 and 2015 to a profit of 456 million lira ($77.02 million) in the first nine months of 2019.

Despite that improved performance, the risks from currency volatility and the economic situation mean HSBC still wants to exit, the sources said.

Interim CEO Quinn is expected to announce his cost-cutting measures when the bank reports annual results and its new strategy on Feb. 18.

Quinn is auditioning for the full-time CEO role under chairman Mark Tucker. He is tipped by insiders at the bank to get the job, although it could yet go to a surprise external candidate.

The bank is also shedding around 100 roles in its equities business as it scales back in continental Europe, Reuters reported earlier this month.

Meeting between Armenian, Azerbaijani FMs over in Geneva

Save

Share

 22:01, 29 January, 2020

YEREVAN, JANUARY 29, ARMENPRESS. The Geneva meeting between the foreign ministers of Armenia and Azerbaijan, Zohrab Mnatsakanyan and  Elmar Mammadyarov is over, the spokesperson of the MFA Armenia Anna Naghdalyan told ARMENPRESS, adding that it will continue on January 30.

“A press release will be issued based on the resultsof the meeting. We have already mentioned that a broad scope of issues referring to the peaceful settlement of Nagorno Karabakh conflict is on the agenda of the meeting”, she said.

Edited and translated by Tigran Sirekanyan




Chinese coronavirus death toll reaches 170

Save

Share

 09:44, 30 January, 2020

YEREVAN, JANUARY 30, ARMENPRESS. The number of confirmed coronavirus cases in China has hit 7711, and the death toll rose to 170, Chinese healthcare authorities said.

On January 29 alone 1737 new cases of the novel coronavirus were confirmed and 38 people died from the disease.

According to Reuters, 162 of the fatalities occurred in Hubei province, the epicenter of the outbreak.

On January 30, the number of suspected cases reached 12167.

At least 88693 people have had close contact with the infected patients. 81947 of them are currently under medical supervision.

Edited and translated by Stepan Kocharyan




US Centers for Disease Control and Prevention dispatches experts to China to contain coronavirus

Save

Share

 10:22, 30 January, 2020

YEREVAN, JANUARY 30, ARMENPRESS. The United States Centers for Disease Control and Prevention is dispatching its experts to China to help contain the novel coronavirus outbreak, President Donald Trump’s top economic adviser Larry Kudlow told reporters on Wednesday.

“We are sending our best experts from CDC to help them”, he said. “The Chinese invited us to do so.”

According to latest data, the number of confirmed coronavirus cases in China has hit 7711, and the death toll rose to 170.

More than a dozen countries have reported confirmed cases of the virus.

All fatalities took place in China.

Edited and translated by Stepan Kocharyan




China allocates 3.96 bln USD to fight coronavirus outbreak

Save

Share

 10:09, 30 January, 2020

YEREVAN, JANUARY 30, ARMENPRESS. China’s financial agencies at all levels have allocated a total of 27.3 billion yuan (about $3.96 billion) to fight the outbreak of pneumonia caused by the novel coronavirus in the country, the Chinese Ministry of Finance said on January 30, reports TASS.

“Financial agencies at all levels actively support efforts to prevent and counter the outbreak”, the ministry said in a statement. “As of 17:00 local time [noon Moscow time] of January 29, a total of 27.3 billion yuan has already been allocated at all levels”.

According to latest reports, the number of confirmed cases of novel coronavirus in China has reached 7,711. A total of 170 people have died.

On December 31, 2019, Chinese authorities informed the World Health Organization (WHO) about an outbreak of an unknown pneumonia in the city of Wuhan – a large trade and industrial center in central China populated by 11 million people. On January 7, Chinese experts identified the infecting agent: coronavirus 2019-nCoV.

Apart from China, the infection was registered in 16 other countries. The WHO recognized the pneumonia outbreak in China as a national emergency but stopped short of declaring an international one.

Election of patriarch leaves Turkey’s Armenians without a voice

EurasiaNet.org
Jan 30 2020
Killian Cogan Jan 30, 2020

Armenia Constitutional Court judge Vahe Grigoryan missed Court session for no good reason

News.am, Armenia
Jan 30 2020

18:14, 30.01.2020
                  

The Constitutional Court of Armenia held a session chaired by President of the Constitutional Court Hrayr Tovmasyan, but judge of the Constitutional Court Vahe Grigoryan didn’t attend the session for no good reason. This is reported on the Facebook page of Chief of Staff of the Constitutional Court Edgar Ghazaryan, who particularly wrote the following:

“On January 30, 2020, under the chairmanship of President of the Constitutional Court of Armenia Hrayr Tovmasyan, the Constitutional Court held a session based on the application of the Human Rights Defender to consider the compliance of certain articles of the laws on medical aid and service for the population, psychiatric assistance and the rights of children with the Constitution.

Judge of the Constitutional Court Vahe Grigoryan, who was elected by the seventh convocation of the National Assembly of Armenia, was the only judge who had an inexcusable absence.”