Armenia lands 18th among 162 nations in economic freedom reportSeptember 14, 2020 - 12:57 AMT PanARMENIAN.Net - Armenia has climbed nine notches in the latest edition of the Economic Freedom of the World report to take the 18th spot among 162 economies of the world. The annual survey by Canadian think tank Fraser Institute measures economic freedom, ranking countries based on five areas—size of government, legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business. In the report, Armenia is included in the group of Most Free countries alongside neighboring Georgia in the 8th spot, while Azerbaijan lags behind in the 112th position. In this year’s report, Hong Kong is again number one, and is closely followed by Singapore, New Zealand, Switzerland and Australia. Also 2020, Armenia climbed 13 notches in the latest edition of the Index of Economic Freedom by the Heritage Foundation, to take the 34th spot among 186 economies of the world. 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 | 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. |