Sunday, December 4, 2022
- Advertisement -

World Bank to provide new grant to Armenia’s mining sector

- Advertisement -spot_img
spot_img

EDITOR'S CHOICE

The Armenian government approved today the proposal to sign Armenia Mineral Sector Policy Grant II letter-agreement with the World Bank.

It is stated that all laws and other legal acts required for regulating legal relations in the mining sector are adopted, however, the regulation system is suffering due to inconsistency between uncertainty and different laws.

“The analysis of the current situation of Armenia’s mining sector shows that the sector, as a source of incomes received from export, foreign currency inflow, foreign direct investments and jobs with relatively high salary, has an important share in the national economy, providing high tax revenues.

However, the mining industry is not so fully ensuring the demands for the protection, improvement and restoration of environment, reasonable use of national resources, guided by sustainable development principle. In this sense the improvement of legislative and sub-legislative field regulating the mining sector is important”, stated in the explanation.

Secure Your Child’s Place at
DREAM BRIDGEMAN ACADEMY

Dream Bridgeman Academy is an international school in Yerevan deploying the Oxford International Curriculum under the supervision and evaluation of Oxford University Press.
It caters for children between the ages of 1.5 yrs to 6 yrs.
Book your tour and secure your place now.
Phone: +374 93 703005
www.bridgeman.am

spot_img
- Advertisement -spot_img
spot_img
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Ara D. Kassabian CPA, based in Glendale, California, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Making it quick and easy to file your taxes.

spot_img

Support Zartonk Daily

NEWSFEED

Pyro Drone is the leading source of professional FPV drone racing parts, gear, and accessories. We strive our best to deliver the latest and most reliable FPV gear available on the market. Bringing the highest quality at an affordable price, our flagship Hyperlite line is amongst the most competitive FPV drone racing parts in the industry. For FPV racing frames, motors, batteries, straps, and more - Pyro Drone is truly your one stop shop for all things in drone racing!

spot_img
spot_img