Armenia ready to create favorable conditions for every investor, president says

YEREVAN, February 6. /ARKA/. Armenia is ready to create favorable conditions for each investor, presidential candidate, current president Serzh Sargsyan said.

“We have stated and I am saying right now again that we are ready to pass laws for each particular investor so that his investments are protected and that people have no concerns. We are ready to create additional conditions, if required, for each investor,” Sargsyan said at his meeting with voters in Malatia-Sebastia district.

The president also said that a law has been passed about free trade zone, which means that best conditions are provided to investors.

Sargsyan stressed that even if Armenia has problems in attracting investments, they have nothing to do with business conditions as the country climbed 18 point to the 32nd place in World Banks’ Doing Business – 2013 rating.

The problems are, first of all, connected with small size of the Armenian market, according to the president. The next important problem is limited infrastructures and only two overland roads available to connect Armenia with the outer world available, Sargsyan said. -0-