ARMENIA TO ATTRACT MORE INVESTMENTS DUE TO BETTER POSITIONS IN HERITAGE FOUNDATION ECONOMIC FREEDOM RATING :PM

YEREVAN, January 10. /ARKA/. More foreign investors will show
interest in Armenia because it has improved its positions in 2013
Index of Economic Freedom report published by Heritage Foundation,
Prime Minister Tigran Sargsyan said Thursday.

Armenia’s economic freedom score is 69.4, making its economy the 38th
freest among 177 states, and leaving behind all the other CIS members
(Commonwealth of Independent States)

“This is a very important index, which is in the limelight of
investors. Of course, better index will be of an utmost importance
for us,” Sargsyan said at the government session.

The research results are optimistic as they prove the efficiency of
successful implementation of reforms in 2013.

Sargsyan noted the government is ready for the slog this year and has
an optimistic vision for the future, as some progress was achieved
last year.

“First and foremost, our progress in 2012 is clearly demonstrated by
international ratings published last year. Particularly, we reported
better business environment, a serious progress in IT sphere,”
he added.

Armenia’s overall score has increased by 0.6 point from last year,
mainly reflecting the better management of public spending. Armenia
is ranked 17th among the 43 countries in the Europe region, and its
score puts it above the world and regional averages.

The four states of Asia-Pacific region-Hong Kong (89.3 points),
Singapore(88), Australia (82.6), New Zealand (81.4), and Switzerland
traditionally topped the rating.

Georgia was 21st in the rating (the leader of the South Caucasian
region), Azerbaijan was 88th, Russia-139th. -0-

From: Emil Lazarian | Ararat NewsPress