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With this publication the advisors of Grant Thornton Armenia present to your attention the importance of business transformation, big data processing and analysis of various aspects of business operations in the modern world as one of the key success factors in defining business strategies and risk management policies.

Grant Thornton Armenia presents some recommendations, which are in line with recently circulated European Banking Authorities guidance to banks, European Securities and Markets Authority statement and the IASB statement.

The Coronavirus (COVID-19) pandemic has led to massive changes in how organisations operate.

The outbreak of COVID-19 has become one of the largest threats to the global economy and financial markets in history.

While COVID-19 pandemic continues to spread around the world and in Armenia, it poses serious challenges to businesses.

In the light of the preventive measures announced by the Ministry of Health of RA against coronavirus, as well as our sincere care for well-being and safety of our people, our clients and communities, all three companies within “Grant Thornton Armenia” have shifted to a “work from home” operational mode till 27 March.

Women in Business 2020: Putting the Blueprint Over the last 12 months, our women in business research has drilled down into the gender diversity stats of mid-market organizations around the world, looking at how the numbers are changing, and most importantly, what businesses are doing to make them change.

Grant Thornton's recent analysis of the real estate market in Armenia, released in July 2019, is mainly based on the review of historical data. The report, available in Armenian and English languages, is an independent, objective, comprehensive and trusted study intended to help both individuals searching for data and real estate market time series analysis, as well as persons and organizations involved in the real estate market who need not only pure data or statistics, but also analysis of the transactions in the market and the types of real estate.

On 25 June 2019, the RA Parliament adopted RA Law No. HO-68-N, which makes a number of amendments and supplements to the RA Tax Code dated 4 October 2016. The law will enter into force starting 1 January 2020. However, there are some provisions that come into force starting 29 June 2019. Grant Thornton highlighted all the major amendments and supplements to the Code that the newly adopted law.

As your business comes up against a growing wave of tax changes and pressure to increase tax transparency, you will need to review and possibly revise your approach to tax planning, tax risk management and tax disclosure.

In 2019, our Women in business campaign will focus on the real world and seeking solutions to leadership diversity.

Amendments and Changes in Tax Legislation

Many businesses globally are missing out on opportunities because of a lack of diversity in senior leadership teams.

Steps for a smoother transition to new markets

Grant Thornton Armenia celebrates its 20th anniversary this year. Since 1997 Grant Thornton has been providing audit and advisory services to public and private sector organisations.

Globally, one in four senior roles is now held by a woman.