WB Country Manager urges Armenia to expedite reform implementationFebruary 17, 2012 - 15:13 AMT PanARMENIAN.Net - Armenia should speed up implementation of tax administration reforms to advance its positions in World Bank’s Doing Business report, according to the World Bank Country Manager for Armenia. “Armenia still faces serious restrictions as to fostering world trade and logistics,” Jean-Michel Happi said. “Nevertheless, the fact that Armenia improved its positions in WB Doing Business-2012 puts it in line with other countries with favorable business environment,” WB Country Manager for Armenia said. In this context, he noted that Armenia showed unsatisfactory results in terms of electricity tariffs last year. “This is one of the key areas of activity Armenia must target to further achieve advancements in WB report,” Jean-Michel Happi said. 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. |