Armenia best country for business in CIS: ForbesDecember 18, 2014 - 18:10 AMT PanARMENIAN.Net - Armenia was ranked 56th in Forbes' new Best Countries for Business – 2014 list, leaving behind its CIS neighbors - Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st. Among the regional states, Georgia took the 47th spot, Turkey - 50th, Iran - 132nd. According to Forbes, Armenia has improved its position in the "monetary freedom" and "tax burden" criteria. The neighboring Azerbaijan is estimated to have worsened its position in the "personal freedoms" criteria. "Azerbaijan has had a limited progress only in the market-oriented economic reforms. Corruption in the private sector and structural economic weaknesses remain an obstacle to growth, especially in the non-energy sector," Forbes said. United States was placed 18th in the ranking, with Denmark named the best country for business in 2014, followed by Hong Kong and New Zealand. Related links: 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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |