Armenia to enact business environment improvement action plan

Armenia to enact business environment improvement action plan

YEREVAN, March 7. /ARKA/. Armenian government approved the 2013 business environment action plan Thursday.

The document includes about 50 multidirectional measures to enhance the investment climate and business environment in the country, Armenian minister of economy Tigran Davtyan said at a cabinet meeting.

To further improve its current 32nd position in Doing Business rating the country should make serious efforts, the minister said.

In 2012 Doing Business annual rating of the WB and the IMF, Armenia has moved up by 18 points, from the 50th to the 32nd position.

“It is important for us, first of all, to consolidate our position in this range to confirm that the progress was not casual,” Davtyan said.

The minister also said that Armenia ranked between Belgium and the Netherlands in the rating and will have to compete with higher level countries now.
Armenian premier Tigran Sargsyan, in his turn, said that the country’s positions needs to be seriously improved on a number of components, such as international trade and business dispute consideration in the courts.

After the 2012 Doing Business rating was released, Armenian premier assigned the government to ensure the country is in the top 20 list of the rating next year. –0-- 

15:21 07.03.2013

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