Search

This article uncovers relationships between the wine export and production in Armenia. Wine industry is a strategically important economic sector in Armenian. The importance of its development is strongly supported by the fact that alcoholic beverages from grape processing are products with high customs value exported from Armenia (in 2020 the share of alcoholic beverages in the entire export structure was about 8.4%). Within the framework of this study, a detailed analysis of the wine production was performed. By applying econometric analysis, we assessed the impact that the increase of wine export has on wine production. Also, the empirical analysis of the impact of USD and RUB exchange rates on wine industry was performed. Overall, the econometric analysis indicated that export volumes and USD exchange rate significantly affect Armenian wine industry. This study provides enough evidence for us to conclude that the export of Armenian wine must be heavily promoted by Government policies and the same time the export directions must be diversified. The results of this study can be basis for scientific substantiation of sectorial strategies developed by the Government of Armenia. [ABSTRACT FROM AUTHOR]

The role of tax policy and the tax system is significant in the country's socio-economic development. About 95% of the revenues of the state budget of the Republic of Armenia are provided by tax revenues and state duties, and large taxpayers provide more than 70% of tax revenues. Therefore, from the point of view of the implementation of tax reforms, particular importance is attached to improving the mechanisms for taxing large taxpayers. Based on the analysis of taxes paid by 1000 large taxpayers of the Republic of Armenia for 2016-2021, problems in the sector were identified. In particular, the number of organizations paying taxes of more than 1 billion drams and from 500 million drams to 1 billion drams is increasing from year to year; however, there is no significant change in the amount of tax revenues paid by one organization on average. The small share of direct taxes in tax revenue paid by the top 1,000 taxpayers has been declining in recent years, which means that indirect taxes increase tax volumes. [ABSTRACT FROM AUTHOR]