ArmInfo. The Armenian economy will generate 100 billion drams more in tax revenues this year than last year. A similar opinion was expressed by the acting Minister of Economy Vahan Kerobyan.
In this regard, he stressed that such achievements will be possible without accumulating debts to business. Moreover, according to him, the state will continue the process of returning debts to economic entities. In this context, he recalled that the current government of Armenia came to power, having inherited about 275 billion drams of debt burden on business. "Today, almost nothing is left of this debt," he said.
At the same time, Kerobyan stressed that the economic model, operating until 2018 in Armenia, has prepared the only status for business - a hostage of the state. "We have consistently eliminated those tax regulations that force businesses to work in the shadows, thereby increasing the transparency of the business environment in the country," he said. However, Kerobyan noted that a lot of work in this direction has yet to be implemented.
In this regard, the acting Minister stressed that the government does not intend to increase the tax burden on businesses, but the latter must work in the legal field. Despite criticism, Kerobyan once again announced numerous investment projects worth several hundred million dollars. In particular, he spoke about the recent opening of production in Armenia for the manufacture of medical equipment. The total cost of this project was $ 40 million. Minister presented 2 projects related to the creation of a ski resort, where $ 360 million will be allocated. Major investment projects, according to Kerobyan, are being implemented in the energy, construction and agricultural fields. In particular, he said that a $ 174 million project was recently launched to build a new solar station. In addition, the acting Minister added that interest in construction has increased significantly.
Ren Shin Company is investing about $ 100 million in the construction of a residential complex on Teryan Street in Yerevan, a large investment construction project will be carried out in the administrative district of Davidashen. At the same time, Kerobyan noted that domestic investments are intensively going on in the country. He stressed that the Ministry is currently working on a new methodology for accounting for foreign investments, since the existing statistics are chaotic and do not reflect the real investment situation.
