Armenia to improve its ranking in Doing Business reportNovember 24, 2010 - 18:55 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that a meeting was held to study in detail the indexes of Armenia’s business environment evaluation that were published in the World Bank Doing Business 2011 report. The country’s worst index in the report is related to tax and customs administration, Sargsyan told journalists on November 24. “The RA State Revenue Committee has developed certain actions to improve the business environment. It refers to cut in the number of reports, time that businessmen spend for communication with tax bodies, as well as periodicity of tax payments,” he said, adding that the reforms should also refer to penalties and conditions for inspections. The Armenian Prime Minister noted that during another meeting due in a week all institutions should submit their plans of actions, so that the country records a considerable progress in all indices until April 1, 2011. “Some decisions will be enforced from January 1. Specifically, enterprises will be submitting reports electronically, what will provide with the opportunity to considerably reduce the time spent for administration,” PM Sargsyan said. He noted that the task is also of political importance, as importance was attached to the indices of Doing Business in the election campaign of President Serzh Sargsyan. “We should secure qualitative improvements in the field within a year,” concluded Tigran Sargsyan. 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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. 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. |