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March, 2023
March 2023
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Galaxy Group of Companies has paid more than AMD 11.5 billion in taxes in 2020
19/04/2021 13:07

Galaxy Group of Companies has paid more than AMD 11.5 billion in taxes in 2020

As a responsible business, Galaxy Group of Companies has paid more than AMD 11.5 billion (USD 22 million) in taxes to the RA state budget in 2020.

Galaxy Group of Companies, which is one of the biggest taxpayers and employers in Armenia, representing 15 business unites, has published its 2021 socio-economic yearly impact report, summarizing the Group’s activities in 2020. The report includes information about the tax and loan portfolio, number of employees, salary fund, statistics about the impact on Armenia’s GDP and other such important data.

“2020 has undoubtedly been the most difficult year for all of us. It was our joint decision that regardless of the challenges—be it the war, the economic crisis, corporate sabotage or unlawful persecution—we should maintain business continuity, because we feel huge responsibility towards thousands of people, including our company employees and their families. As a business group with local and international capital, Galaxy Group of Companies will continue creating new, additional values, contributing to the recovery of Armenia’s economy,” stated Aram Khachatryan, co-founder and CEO of Galaxy Group of Companies.

In 2020, the average monthly salary in Galaxy Group of Companies was AMD 364,716 and more than AMD 2 billion in income taxes was paid to the RA state budget. According to the 2020 data, the loan portfolio of the Group amounted to about AMD 60 billion (USD 115 million). Purchases from the local market amounted to about USD 36 million.

Galaxy Group of Companies penetrates every third household in Armenia through its goods and services, and the general demographic of its community are the RA citizens from 18-55 ages. The complete socio-economic impact report is available here.

Galaxy Group of Companies was established in Armenia in 1999 and throughout its 20+ years of operations has created and developed 15 business units in Armenia, Georgia and Belarus. The success factors of all companies have been industry innovation, effective team involvement and the responsible business culture developed on the basis of continuous learning. The founders of Galaxy Group of Companies are Aram Khachatryan, Gurgen Khachatryan and Artyom Khachatryan. At present, the number of employees in Galaxy Group of Companies exceeds two thousand, and various social responsibility programs in the fields of education, innovation and social improvement are a key component of the company’s operational work.

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 25/03 Buy Sell
AMD / USD 386.00 390.00
AMD / EUR 417.00 422.00
AMD / RUR 5.02 5.10
dollars
dollars
CBA Rates
24/03/2023
USD / AMD
388.07
-0.26%
EUR / AMD
416.17
-6.14%
RUR / AMD
5.07
-0.03%
GBP / AMD
473.33
-4.04%
Cryptocurrencies
10:30 25/03
BTC/AMD
10,683,389
-2.91%
BTC/USD
27529.54
-2.85%
ETH/USD
1750.98
-3.54%
BCH/USD
125.41
-2.72%
XRP/USD
0.447253
+2.25%
LTC/USD
92.81
-2.78%
BNB/USD
324.01
-0.58%
DOGE/USD
0.075037
-2.25%
ETH/BTC
0.063603642
-0.70%
BCH/BTC
0.004555565
+0.15%
XRP/BTC
0.000016246
+5.25%
LTC/BTC
0.00337145
+0.08%
BNB/BTC
0.011769445
+2.34%
DOGE/BTC
0.000002726
+0.63%
CBA Metals
24/03/2023
dram / gram
Gold
24678.37
+340.54%
Silver
285.72
+6.74%
FOREX
09:26 25/03
EUR/USD
1.0759
-0.58%
GBP/USD
1.223
-0.38%
USD/JPY
130.69
+0.27%
EUR/GBP
0.8795
-0.20%
Oil
09:26 25/03
$ / barrel
Brent
74.99
-0.95%
Light Sweet
69.20
-0.79%
COMEX
09:26 25/03
$ / tr. oz
Gold
1981.00
-0.73%
Silver
23.37
+0.52%
Platinum
986.30
-0.48%
LME / 3M
09:26 25/03
$ / tonne
Aluminium
2337.00
+0.47%
Copper
8921.50
-1.21%
Nickel
23468.00
+4.22%
Tin
24830.00
+1.98%
Lead
2125.50
-0.02%
Zinc
2891.50
-0.53%
Molybdenum
62015.96
-5.76%
Cobalt
34180.00
+0.00%
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09:26 25/03
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3265.65
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26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
01/2023
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
177.7
+1.40%
Export 1
Export
572.8
+130.0%
Import 1
Import
727.1
+72.5%
CPI
Consumer price index
+8.10
Avg. Salary 2
Average salary
249,278
+22.0%
Services 3
Volume of services
216.0
+25.9%
Construction 3
Volume of construction
16.0
+12.2%
1 - mln AMD, 2 - AMD, 3 - bln AMD