Armenian government to carry out a set of measures to improve country’s standing in Doing Business report

Armenian government to carry out a set of measures to improve country’s standing in Doing Business report

YEREVAN, June 16. /ARKA/. Armenia’s deputy minister of economic development and investment Tigran Khachatryan unveiled today a set of government-designed measures, which are supposed to  improve the country's position in the World Bank's Doing Business report. In this year’s report Armenia has improved its position by five points climbing to the 38th position  among 190 surveyed countries. Tigran Khachatryan said the government seeks to improve the country’s position by 12 points more and rise to the 26th position.

To achieve this goal, the government plans to introduce an electronic system for obtaining a building permit, as well as simplify household and enterprises connection to electricity network and other public services, as well as  improve the protection of enterprises which appear on the verge of bankruptcy. It is planned also to simplify  information exchange process between judicial and state bodies and entrepreneurs.

Khachatryan said a special attention will be paid to a number of new legislative measures protecting the interests of small investors (shareholders), ensuring transparency in the decision-making of government agencies regarding customs processes, as well as to proposals aiming to shorten the terms of VAT refund procedures for zero-rate transactions. He stressed that the main emphasis will be placed on those areas in which Armenia shows weak indicators.

"We are weak in tax reports, in measures to prevent bankruptcy procedures, also in the process of obtaining construction permits and connecting  to public services, in particular to electricity network," the deputy minister said.

Khachatryan said if all these objectives are achieved,  in the next four years Armenia may enter the list of top 20 countries favorable for doing business. -0-


18:21 16.06.2017





 

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