 Armenia lands 18th among 162 nations in economic freedom report September 14, 2020 - 12:57 AMT PanARMENIAN.Net - Armenia has climbed nine notches in the latest edition of the Economic Freedom of the World report to take the 18th spot among 162 economies of the world. The annual survey by Canadian think tank Fraser Institute measures economic freedom, ranking countries based on five areas—size of government, legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business. In the report, Armenia is included in the group of Most Free countries alongside neighboring Georgia in the 8th spot, while Azerbaijan lags behind in the 112th position. In this year’s report, Hong Kong is again number one, and is closely followed by Singapore, New Zealand, Switzerland and Australia. Also 2020, Armenia climbed 13 notches in the latest edition of the Index of Economic Freedom by the Heritage Foundation, to take the 34th spot among 186 economies of the world.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news PACE wants concessions from Azerbaijan to accept Baku back  A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. |
