  Armenia in 92nd place in economic competitiveness September 7, 2011 - 13:31 AMT PanARMENIAN.Net - According to the Geneva-based World Economic Forum's annual ranking, Armenia climbed 6 places to become 92nd among 142 countries. As Economy and Values research center chairman Manuk Hergnyan told journalists in Yerevan, the report points out to the unsettled problems in business environment and imperfect customs procedures. Armenia is still behind Georgia, Russia, Azerbaijan, Kazakhstan and Ukraine but comes ahead of Moldova, Tajikistan and Kyrgyzstan. The U.S. slipped further among competitive economies, taking 5th place due to huge deficits and pessimism about government. Switzerland retained the top spot, being followed by Singapore, Sweden and Finland.   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 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.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.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. |
