Level of bribery down in Armenia in past year, new report showsSeptember 29, 2017 - 16:52 AMT PanARMENIAN.Net - The level of bribery has reduced in Armenia in the past year, data provided by the World Economic Forum in its latest Global Competitiveness Index reveal. The authors of the report have calculated that firms made undocumented extra payments or bribes connected with imports and exports; public utilities; annual tax payments; awarding of public contracts and licenses; obtaining favorable judicial decisions. Armenia takes the 61st spot among 137 economies reported, Azerbaijan is the 63rd, while Georgia is ahead on the 30th position. Finland, New Zealand and Singapore are the world's least corrupt countries, while Chad, Guinea and Mauritania are on the bottom end. Also, Armenia has climbed six notches in the World Economic Forum’s Global Competitiveness Report 2017-2018 to rank 73rd among 137 economies included in the report. 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 | 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. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |