2% of Royalties will be Allocated to the Community Budgets
Contributions will be made from 2% of the royalty paid to the state budget by each mining company.
MSG Working Meeting at the Ministry of Territorial Administration and Infrastructure
On November 4, 2021 a MSG members working meeting was held at the Ministry of Territorial Administration and Infrastructure, the subject of which was the discussion of issues related to the holding public hearings in the communities during the EIA process.
1000 Large Taxpayers as of 2021 first 9 months
9 metal mining companies are on the list of 1000 largest taxpayers for 2021 first 9 months.
Armenia and Latvia became first countries to publish data in line with the Beneficial Ownership Data Standard
In September, 2021 Open Ownership published an article about countries leading beneficial ownership transparency reforms.
The Amended Version of the Beneficial Owners (BO) Declaration has been Adopted
On August 30, 2021 the Order of the Minister of Justice of the Republic of Armenia No. 416-N “On Establishment of Beneficial Owners Declaration Form, Order of its Completion and Submission and Approval of the Latest BO Declaration Presented to the Agency, Defining the List of Regulated Markets with BO disclosure Adequate Criteria, as well as on Repealing of the Order of the Minister of Justice N 36-N dated 02.02.2020” was adopted.
The Government Proposes to Direct 2% of Paid Royalties to the Affected Communities
Today the Government of Armenia accepted the package of laws "On Making Amendments to the Law on the Budget System of the Republic of Armenia" and "On Making Amendments to the Law on Local Self-Government", which proposes to transfer 2% of royalties paid by the subsoil users to the affected communities
The 2021 EITI Armenia Annual Conference took place on 23 July
The Conference on Presentation of the EITI Armenia National Report 2019 and the Beneficial Ownership Electronic Declaration System took place at Armenia Marriott Hotel in Yerevan on 23 July 2021.
EITI Armenia Annual Conference will take place on 23 July, 2021
Conference on Presentation of EITI Armenia 2019 National Report and the Beneficial Ownership Electronic Declaration System will take place on 23 July, 2021, at 11։00 am (Yerevan time, GMT +4)
Who is the Beneficial Owner? The National Assembly of RA Adopted the Package of Laws on Disclosure of the Beneficial Owners in Armenia
On June 3, 2021 the National Assembly of the Republic of Armenia adopted a package of laws that expands the scope of companies obliged to disclose their beneficial owners.
Corruption Risks in the Extractive Sector and the Role of the EITI in Mitigating Corruption, Webinar
On 21 June, with support from USAID, the Asia Team from the International Secretariat held a regional forum on anti-corruption for MSGs, national secretariats and anti-corruption bodies and organisations in countries.
The EITI Board agreed that Armenia has made Satisfactory progress in implementing Requirement 2.5 on Beneficial Ownership of the 2019 EITI Standard.
Following the Validation of Requirement 2.5 on beneficial ownership that commenced on 1 January 2021, the EITI Board came to the decision that Armenia has made Satisfactory progress in implementing Requirement 2.5 on Beneficial Ownership of the 2019 EITI Standard.
The Government Approved the Package of Laws for Disclosure of Beneficial Owners in Armenia
On April 22 the Government approved the BO package of laws. With this legal initiative the Armenian Government aims to expand the scope of entities obliged to disclose their beneficial owners (BOs).