Tigran Sargsyan: Georgia introduced revolutionary what Armenia achieved in many yearsDecember 22, 2010 - 17:54 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that foreigners control over 50% of the financial sector in Armenia. “Economic doctrines of Armenia, Georgia and Azerbaijan are alike – they all create conditions for investors’ arrival. We permanently monitor the ratings on economy’s openness, business conduct factors and competitiveness. The government has adopted a program on improvement of economy’s various fields. We have initiated reforms long ago, in contrast to Georgia. They introduced “revolutionary” what we achieved in many years, however, some reforms require long term,” Sargsyan said in an interview with Russian RBC daily. As for the tax load on business, the Prime Minister said that currently it is below average indices in Armenia. He said that macroeconomic indices show that the share of taxes in GDP is below 30%. There are countries, where this figure amounts to 40-50%. Mr. Sargsyan also said that conditions for internal and external investors are equal in the country, while this stance is fixed in the legislation. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |