  Astrid Clifford: Armenian government should stabilize investment environment December 2, 2010 - 14:36 AMT PanARMENIAN.Net - Chief Executive Officer of HSBC Bank Armenia, Ms. Astrid Clifford said that the bank’s corporate loans amounted to $100 million in 2010. “Entrepreneurs want to invest and expand their business. It is certainly a positive tendency, but the Armenian government should take action to stabilize the investment environment,” she said when responding to a PanARMENIAN.Net reporter’s question. According to Ms. Clifford, Armenia should work out a more precise tax and customs policy to attract foreign investors and prevent withdrawal of local investors from the national market.   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 European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE 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.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
