Armenia needs serious and radical changes:Ex-Finance Minister

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Economy

11.06.2012, 14:46

Serious and radical changes must be brought to Armenia , ex-Minister of Finance, prorector of Russian-Armenian (Slavonic) University Eduard Sandoyan points out.

Armenia needs serious and radical changes:Ex-Finance Minister

YEREVAN, June 11. /ARKA/. Serious and radical changes must be brought to Armenia , ex-Minister of Finance, prorector of Russian-Armenian (Slavonic) University Eduard Sandoyan points out.

According to the competitive ability data fr om the World economic forum Armenia is behind very many countries in a number of quality indices characterizing business environment, such as economy regulation, antimonopoly management, tax administration, Sandoyan clarified.

All these issues, according to him, are systematic.

“We didn’t have, don’t have, and I am afraid we won’t have in the nearest future any effective institutes for competition protection; there are issues with the institute for property protection, contract enforcement system, institute for human rights, protection of hired employees’ rights,” Sandoyan said at “Armenian Friday” talk show on Kentron TV channel.

Finance ex-minister also thinks that Armenia failed to form organized and modern tax system, moreover, according to his assessments, there are a number of other risks which are hardly ever mentioned.

In this context he referred to emigration issue, for instance to Russia. Armenians are mobile people due to some objective and subjective reasons, they will always be attracted by some friendly countries, such as Russia, where they have neither language, nor cultural and historical difficulties, and the level of life is 3.5-4 times higher than in Armenia, he added.

“It means that if we fail to form effective economy and more favorable life, emigration threat will be haunting us,” the expert said.

People do not want to live poorly, and an person of the twenty first century of Internet will find easily the place where the level of life is higher, and wh ere he will live better, Sandoyan noted.

The expert mentioned Georgia as a good example of a country carrying out effective reforms in struggling against corruption, forming competitive environment, conducting antimonopoly policy. -0-

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