Verelq: New economic and industrial policy. what is it about

A crisis situation has emerged in almost all spheres of public, economic and social life of the Republic of Armenia, as well as external and internal threats, to overcome which it is necessary to implement a New Economic and Industrial Policy.

St. On March 14, within the framework of the “Offer to Armenia” project, “New Project: A discussion was organized by the “Economic channel” initiative with the participation of economists, representatives of the business sector and other specialists. During the discussion, the former member of the National Assembly, economist Mikayel Melkumyan presented the main ways to get out of the existing situation, which are summarized within the framework of 10 priority steps for the implementation of the new economic and industrial policy.

They are:

1. 10 regions, 10 tax-free industrial zones.

2. Immediate launch of the Investment Support / Single Window / program.

3. Over the next two years, the current minimum wage of 75 thousand drams in Armenia should become at least 120 thousand drams, that is, 40 percent of the current average salary of 300 thousand drams.

4. Pensions and salaries should be indexed/increased in line with inflation and the minimum pension should not be lower than the minimum subsistence basket, amounting to 82,000 drams.

5. The turnover tax rate for small and medium-sized businesses should be set at 1 percent.

6. Gas and electricity tariffs should be reduced by 10 percent.

7. 2026 The current property tax rate should be reduced by at least 2 times.

8. To announce a credit amnesty /amnesty/ in terms of penalties and fines for our fellow citizens with loans up to 3 million drams.

9. Signing of preliminary contracts for the procurement and sale of farm crops by procurement organizations and formation of refrigeration, storage and canning farms in all marzes with state support.

10. Higher education in Armenia should be free.

New project: Economic channel initiative

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