To this day, there are still debates among academics about the economic efficiency in civil aviation of leasing rather than purchasing an aircraft by an air carrier from another air carrier or other entity. Leasing is attractive because of its savings and flexibility compared to purchasing. Among the advantages of leasing : Reducing the initial….
In order to regulate the problems identified in the procurement process, the Government amended one of its previous decisions. According to the rationale, the applicable regulations cannot sufficiently ensure the effectiveness of procurement processes and the attractiveness of participation in procedures, including small and start-up businesses. The participants in the procurement process are presented with….
Particular attention is paid to safety issues in the regulation of leases by international law. The most important of them is as follows: which state of aircraft registration or the state of the operator – is responsible for compliance with the relevant safety standards of the Chicago Convention, who is responsible for compliance with safety….
Each country has its own attitude towards gambling. In some countries, casinos are allowed, in some countries, gambling is strictly prohibited. We will tell you about the peculiarities of the regulation of gambling activities with winnings in the Republic of Armenia. It is one of the countries where the state chose not to ban activities….
First of all, Armenian legislation allows foreign investors to own 100% of the shares, which allows them to be the sole owners of the property. Secondly, it is known that foreign citizens in the territory of Armenia are prohibited to acquire land plots into ownership. But since they are allowed to conclude long-term lease agreements,….
The Republic of Armenia is an important figure in the world economic market. The legislator creates the most favorable conditions both for imports and exports on its territory. In January 2015. Armenia joined the Eurasian Economic Union. The following benefits were provided in the international arena: – Duty-free imports of raw materials from the territory….
The conditions for organizing lotteries and gambling will be tightened in Armenia. Government at a meeting on February 28, the RA issued a positive opinion on the draft amendments to the law “On lotteries”, developed by deputies of parliament. The conclusion of the Cabinet in accordance with the law will be submitted to the parliament.As the Minister….
Pursuant to Government Decree 865 -N of 2015 goods imported into the Republic of Armenia by individuals who are not individual entrepreneurs, the amount of which exceeds the norms established by the legislation of the Republic of Armenia, shall be considered as obviously commercial. Provisions of the said Decree shall not apply to goods imported….
The service of opening bank accounts for companies registered outside Armenia has recently become very popular. This can be explained by several factors, in particular, by the fact that the currency legislation of the Republic of Armenia provides ample opportunities to transfer funds outside the country and by the fact that Armenian banks are quite….
The government of the Republic of Armenia in collaboration with governments of the EAEU countries and EEC organized annual business forum “Eurasian Economic Union: Armenia – Cooperation” in Tsakhkadzor from May 26 until May 29. The main theme of the forum was the discussion of EAEU export potential. A number of meetings took place which….
According to the results of the monitoring conducted by the World Bank at the beginning of 2017 Armenia has significantly strengthened its position in the international Doing Business ranking, rising from 43rd to 38th place from a list of 190 countries. We present brief information about the peculiarities of doing business through a legal entity,….
Meghri free economic zone may serve a good platform for Russian business to boost trade and economic relations with the Iranian market, Russian Minister of Transport, Co-Chair of the Armenian-Russian intergovernmental commission on economic cooperation Maxim Sokolov has told on Saturday in Yerevan during the meeting with Armenian PM Karen Karapetyan. Sokolov, who is paying….