Fraser Institute ranked Armenia as world's 11th freest economy in 2020September 12, 2022 - 17:49 AMT PanARMENIAN.Net - Armenia has been ranked among the world’s “most free” economies by The Fraser Institute, which is an independent public policy research and educational organisation in Canada. In the latest rankings, Armenia’s overall rating fell by to 7.84 for 2020, from 7.98 in 2019, according to the report. However, the country rose from the 17th spot to the eleventh and is closely followed by Japan, Lithuania and Canada. The institute measures the economic freedom of 165 jurisdictions based on a number of factors such as levels of personal choice, ability to enter markets, security of privately owned property and rule of law. The 2022 report is based on data in 2020, the latest available. Georgia, meanwhile, was placed 15th, Azerbaijan is the 119th, while Turkey and Iran are in the 112nd and 159th positions, respectively. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |