Prime minister says July 1 is the deadline for businesses to exit from shadow

Prime minister says July 1 is the deadline for businesses to exit from shadow

YEREVAN, May 15. / ARKA /. Armenian Prime Minister Hovik Abrahamyan told a Cabinet session today that he had given the country’s 100 largest entrepreneurs six weeks to ‘exit out of shadow.’  On Wednesday he had met with some 100 business people to discuss economic policies of his new government.

According to the government’s press office, they spoke about a “wide range of issues related to the current economic situation and development prospects.” Abrahamyan was also quoted as saying that he is open to their “frank evaluations and proposals” about how to improve the investment climate in the country. 

"We have agreed that the government will ensure level playing field for everyone. In return the businesses must to get out of the shadow. This is our condition. We have set July 1 as the deadline,” the prime minister said today.

Abrahamyan said he had already given appropriate instructions to the minister of finance and other government agencies.

"I hope they will try to keep the rules of the game, otherwise we will use our leverages to resolve our tasks," Abrahamyan said.

According to a report by Armenia’s Human Rights Defender, some 40 percent of the economy is in shadow. -0-

15:10 15.05.2014

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