Russia, Armenia lack political will to improve business environmentJuly 20, 2011 - 13:45 AMT PanARMENIAN.Net - The main factor impeding improvement of business environment for both Russia and Armenia is political will, which Georgia proved to have enough, and was able to achieve progress in this field, according to Sergey Grigoryan, Deputy Director of Association of Russian bank analytical department. During July 20 Yerevan-Moscow TV bridge on Capital outflow; post-Soviet space phenomenon, the Russian expert pointed out existence of bureaucratic delays and availability of financing among other impeding factors. In turn, Head of Alternative Armenian analytical center, Doctor of Economics, Tatul Manaseryan emphasized importance of maintaining the balance between rights and responsibilities on the way to progress. “When rights are granted, responsibility must be assumed. Georgia punished those who failed programs,” Manaseryan said. The analyst stressed that high-ranking officials, including ministers and responsible officers must not be dismissed without estimation of their work results. It should be noted that aimed at improvement of business environment Georgia’s authorities provide tax privileges for business. Georgia is ahead of Armenia and Russia in business registration rate. This allows stimulating development of both large and medium business. According to Manaseryan, Armenia has just begun to talk about creation of free economic zones. “There are no monopolies in Georgia, oligarchs cannot ‘swallow’ small and medium business,” economist said. 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |