EDUARD AGHAJANOV EXPRESSES NEGATIVE OPINION ABOUT ARMENIA’S INVESTMENT FIELD

Noyan Tapan
Aug 30 2007

YEREVAN, AUGUST 30, NOYAN TAPAN. It is not serious to speak about an
investment field in Armenia as the country is located in a conflict,
i.e. higly risky zone, with no investment-related privileges, and
with a poor population of 2-3 million. Economist Eduard Aghajanov
expressed this opinion at the August 30 press conference.

According to him, free economic zones, in which economic entities are
granted tax or customs privileges, are created even in most developed
countries. "For some unknown reason our authorities have fallen in
market fundamentalism, explaining that it is wrong to grant privileges
because other economic entities that have no right may make use of
these privileges.

Whereas, privileged conditions may be created in border regions of
Armenia so as to cause a capital inflow with the aim of organizing
production rather than constructing elite buildings in downtown
Yerevan," he noted.