McKinsey & Company Global Managing Director: Armenia should become the beacon of development in the regionOctober 30, 2010 - 18:15 AMT PanARMENIAN.Net - Global Competitiveness Forum has ranked Armenia 97th in the world for competitiveness; however, the country is making active attempts to improve its position, with local experts having higher qualification as compared to other states in the region, according to Global Managing Director of McKinsey & Company, Dominic Barton. At National Competitiveness Foundations conference in Yerevan, he stressed the necessity for the increase of competitiveness and reduction of corruption level for Armenia to be different from other regional states. As the expert noted, Armenia has to select priority spheres to be represented by at the global market, as well as invest in the development of infrastructures. “Armenia has a strategically important position, which might make the country the beacon of development in the region. I would pick no other country but Armenia if I were to set headquarters in the region. People of Armenia struck me as reasonable and logical,” Barton stated, urging Armenia to strive towards making a difference in the region. McKinsey & Company is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to the world’s leading businesses, governments, and institutions. It is recognized as a leader and one of the most prestigious firms in the management consulting industry. 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. |