Report: Investment Freedom Level 70% In Armenia

REPORT: INVESTMENT FREEDOM LEVEL 70% IN ARMENIA

ARKA
Jan 13, 2009

YEREVAN, January 13. /ARKA/. According to Economic Freedom Index 2009
published by American Heritage Foundation, the level of investment
freedom did not change from last year and is 70% in Armenia in 2008.

Foreign and domestic investors are treated equally and have the
same right to establish businesses in nearly all sectors. According
to specialists of the Foundation, privatization, though generally
successful and legally open to all bidders, has not been transparent.

There are no restrictions or controls on the holding of foreign
exchange accounts, invisible transactions, or current transfers.

Heritage Foundation was founded in 1973 as a researching and
educational organization. The Foundation publishes a large number
of informational and analytical materials on different aspects of
internal and foreign policy from social problems to anti-missile
defence programs.

Researches and publications of Heritage Foundation are mostly on such
problems as fight against terrorism, strategic stability and regional
aspects of international security.

Some active participants of the Foundation include distinguished
American politicians and public figures, journalists and
representatives of scientific community.