Economist urges Armenia to benefit from advancement in WB reportOctober 23, 2012 - 15:02 AMT PanARMENIAN.Net - Armenia’s advancement in World Bank’s 2013 Doing Business report may boost the country’s authority in international arena, Ameriabank's Development Director said. As Tigran Jrbashyan noted, Armenia’s jump was quite “predictable”, as it reflected the reforms implemented in the country. “The indicator proves the feasibility of the reforms in the country. However, their continuation and impacts depend on a number of factors,” he said. Dubbing the index the best in the whole history of Doing Business, Mr. Jrbashyan urged to correctly use it to attract foreign investment flows to the country. Armenia has improved its position by 18 points to be placed 32nd in World Bank’s 2013 Doing Business report. Meanwhile, as Tech in Asia reported, Singapore remains on top for the seventh straight year according to the ‘ease of doing business’ rankings. Hong Kong and New Zealand also retained their second and third rankings respectively, as did the US in fourth place. Drilling down to notable APAC markets to compare with last year's rankings, Taiwan jumped from 25th to 16th, credited with big improvements by a number of criteria, including ‘protecting investors.’ Japan, on the other hand, was downgraded in many areas, including ‘starting a business.’ 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 | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |