Growth rate of proceeds from realization of number of largest Armenian
enterprises decreases by 4.9% in January 2009 – analysis

YEREVAN, March 23. /ARKA/. According to `Analysis of generalized
indicators of monitoring of large taxpayers in January 2009′, placed
on the official website of the RA State Revenue Committee, the growth
rate of proceeds from realization of a number of largest Armenian
enterprises decreased by 4.9% this January against January 2008.
The total turnover of three mining companies only (`Pure Iron
Company’, `Armenian Molybdenum Production’, `Zangezour
Copper-Molybdenum Plant’) decreased by 5bln AMD or 35.9%.
At the same time, according to the analysis of the State Revenue
Committee, the opposite picture is observed in the banking system.
Namely, during the period under review four banks of Armenia (`VTB
Bank Armenia’, ACBA Credit Agricole Bank’, `Unibank’ and
`Ardshininvestbank’) recorded growth of proceeds by 6bln AMD or 43.4%.
RA State Revenue Committee by the Armenian Government developed and
analysed `Generalized indicators of monitoring of large taxpayers in
January 2009′ under `Tax management strategy of the Republic of
Armenia for 2008-2011′ program and for ensuring transparent, single
tax conditions for large businesses for improving tax and customs
management.
The monitoring was carried out among 235 largest taxpayers of Armenia
in January 2009. ($1 – 372.02AMD). -0–

From: Emil Lazarian | Ararat NewsPress