In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.
The objective of the present analysis is to assess the execution of the state budget of the RA in the given period. First, we describe the general state of the economy of the RA, namely the driving forces of economic activity, the developments in individual sectors of the economy, the behavior of the components of the demand – consumption and investment – and so on. Afterwards, we analyze the performance of government revenues and expenditures by comparing the actual and planned values of the respective indicators. We conclude the analysis by summarizing the main observations and results. Full material is only available in Armenian․
The present analysis is devoted to the investigation of the key aspects of the state budget of the RA. First, we consider the projections of macroeconomic variables forming the basis of the budget, then we analyse the planned values of parameters of the general and central budget of the RA. We pay particular attention to the comparison of the planned values of revenues and expenditures with the actual levels observed in previous years. In the end we make conclusions in order to assess whether the budget addresses the problems that exist in the RA. Full material is only available in Armenian.
In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.
The study of indicators and indices published by international organizations allows to address two important problems. First, to assess the performance of the RA in the given period with the help of comprehensive numerical measures, as well as to make intertemporal comparisons in order to understand whether the country moves in the desirable direction. Second, to compare the performance of the RA with other countries to ascertain Armenia’s relative position in the region and Eurasian Economic Union. These results are important, since they help to derive the comprehensive assessment of the economic situation, which is needed both for the public and the private sector. The present analysis is aimed at addressing the foregoing problems. Full material is only available in Armenian.
On October 10, 2019 the RA government approved the judicial and legal reforms strategy in the Republic of Armenia for 2019-2023 within the framework of which, in the first quarter of 2020, a Fact-finding commission is expected to be created. Such commissions are temporary, extrajudicial bodies that establish facts of mass and gross violations of human rights or humanitarian law in the past. Such commissions were basically created in societies exhausted by the civil war and dictatorship, such as Ecuador, Kenya, Mauritius, Solomon Islands and Togo. This analysis presents the circumstances that led to the creation of such commissions in international practice, the problems that arose during the creation of the commissions and, in the light of the latter, the model of the fact-finding commission proposed by the government of the RA. Full material is only available in Armenian.
In the RA the reforms of property taxation are fairly relevant and urgent, since this area features numerous problems that require legislative solutions. The international experience points out that relative to GDP the volume of property taxes of the RA is inadequate compared with commensurate countries. To ensure more efficient taxation of property it is necessary to make amendments in the methodology of assessing cadastral value by diminishing its deviation from the market value. However, the legislative package proposed by the government of the RA does not entail clear mechanisms of property assessment and amplifies the instability and uncertainty around property tax rates. Full material is only available in Armenian.
The 9th legislature of the European Parliament officially started its work in July. It is the only supranational parliament in the world that is directly elected, is empowered to regulate the single market, and to distribute public funds to the EU's overall budget. Therefore, the European elections attract a lot of public attention. The results of this year's election sent a clear message that EU voters want change. In order to evaluate the results correctly, it is necessary to consider them from several dimensions. This analysis attempts to study the main trends of the elections and their further impact on EU activities. Full material is only available in Armenian.