MEASURES ON IMPROVEMEMT OF BUSINESS ENVIRONMENT TO BE TAKEN IN ARMENIA IN NEXT 1.5 YEARS

NOYAN TAPAN

JU NE 26

At the June 26 sitting, the RA government approved the program of
measures on improvement of the business environment in Armenia. The
deputy minister of economy Vahram Ghushchian told reporters following
the sitting that a number of measures will be implemented in the next
1.5 years with the aim of improving the business environment. According
to him, the World Bank studies in 167 countries last year showed that
Armenia made progress by several indices, but regress was registered
with respect to some indices as well. Among these countries, Armenia
takes 39th place, Georgia 17th in terms of improvement of the business
environment.

V. Ghushchian said that by the WB study, Armenia is in 2nd place
by the short duration of property registration process and in 47th
place by the index of duration of an enterprise foundation. The
deputy minister noted that by 2010 Armenia may become 3rd on this
list. Credit receiving is also a problem, and Armenia will move from
36th to 13th position by this index.

According to the WB, Armenia is in 83rd place by investment security
index and takes 143rd position in terms of tax payment.

From: Emil Lazarian | Ararat NewsPress