Armenia should be ranked among top 20 countries by attractiveness for doing businessNovember 30, 2010 - 16:07 AMT PanARMENIAN.Net - Armenian Minister of Economy Nerses Yeritsyan said that, according to provisions of the RA government on improvement of business and investment environment, the country should be ranked among the top 20 countries by attractiveness for doing business. To attract investors, it is also necessary to increase the country’s indices of competitiveness, Yeritsyan said during a national conference – Foreign Direct Investments in Armenia. “Besides, a policy on introduction of business ethics standards should be pursued. Foreign investments can be attracted only by those organizations, which operate by corporate rules acknowledged worldwide,” he said. The foreign direct investments in Armenia amounted to $732.1mln in 2009 against $1.1bln in 2008. Russia ($384.8mln), France ($197.4mln) and Argentina ($48.2mln) are among the largest foreign investors in the country in 2009. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |