ARMENIAN LEGISLATION ON FINANCIAL SERVICES BROUGHT INTO<br /> LINE WITH EUROPEAN LAWS<br />


ARMENIAN LEGISLATION ON FINANCIAL SERVICES BROUGHT INTO
LINE WITH EUROPEAN LAWS

  • 27-02-2007 21:00:00   | Armenia  |  Economy
YEREVAN, FEBRUARY 27, NOYAN TAPAN. The RA National Assembly on February 27 passed 15 bills and legislative packages discussed the day before. Most of these bills and legislative packages envisage amendments and additions in current laws. Particularly, the amendment to the RA Code of Administrative Infringements (it was passed in first reading) invalidates the article on entering an election center while being armed, as the RA Criminal Code also envisages punishment for this action. The addition to the Law on Protection of Atmosphere (passed in first reading) clarifies obligations of construction organizations with the aim of reducing dust emissions during construction. In accordance with amendments to the RA Criminal Code (passed in first reading), the minimum amount of fine for illegal tree cutting has been increased. The bill on preservation, protection, keeping and hunting of hunt animals and the bill on organic agriculture were passed in first reading, the package of bills on insurance and insurance activity - in second reading, particularly, the RA legislation on financial services is brought into line with EU laws, and the bill on unions of employers was passed in third reading.
  -   Economy