Tigran Sargsyan: Georgia introduced revolutionary what Armenia achieved in many yearsDecember 22, 2010 - 17:54 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that foreigners control over 50% of the financial sector in Armenia. “Economic doctrines of Armenia, Georgia and Azerbaijan are alike – they all create conditions for investors’ arrival. We permanently monitor the ratings on economy’s openness, business conduct factors and competitiveness. The government has adopted a program on improvement of economy’s various fields. We have initiated reforms long ago, in contrast to Georgia. They introduced “revolutionary” what we achieved in many years, however, some reforms require long term,” Sargsyan said in an interview with Russian RBC daily. As for the tax load on business, the Prime Minister said that currently it is below average indices in Armenia. He said that macroeconomic indices show that the share of taxes in GDP is below 30%. There are countries, where this figure amounts to 40-50%. Mr. Sargsyan also said that conditions for internal and external investors are equal in the country, while this stance is fixed in the legislation. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |