Acting Prime Minister: Armenia should become a country of law, labor and high technologies

Arminfo, Armenia
Oct 27 2018
Acting Prime Minister: Armenia should become a country of law, labor and high technologies

Yerevan October 27

Alexander Avanesov. Armenia should become a country of law, labor and high technologies. This was announced by Acting Prime Minister Nikol Pashinyan at the Investment and Trade Forum.

According to the press service of the RA government, in their address to the forum participants, the head of the government stated with regret that in the recent past some often associated Armenia with corruption, poverty, emphasized the fact that Armenia is an agrarian country. "After the non-violent velvet revolution in Armenia, we set the task for Armenia to become a country of law, labor and high technologies," Nikol Pashinyan stressed, adding that businessmen and investors are the main ally of the government of the country. "We want to encourage work and success of Armenia and tell each of the investors:" Come, work in Armenia, enrich the country and enrich yourselves. We invite every investor in Armenia to achieve success and inspire others to succeed, encourage others, "said the Acting Prime Minister.

Nikol Pashinyan stressed that today there are favorable conditions for investments in the country, because in Armenia all people are equal before the law. "In Armenia, there were major political changes, the government, the state system, the environment changed, and, in fact, we have almost no case of redistribution of property in the country. This is an important and exceptional result of our revolution, because, really, these changes were not made with the goal of replacing people with old morals with new ones, and leaving the old moral. We want the Republic of Armenia to be a unique country in the world – with its own perspectives, environment, ability to ensure equality before the law, guaranteeing the security of investments, guaranteeing the integrity of the person and, of course, excellent environment and potential for creativity. In this regard, we certainly hope that investments in Armenia will increase significantly, and there are already the first prerequisites for this, "said Nikol Pashinyan, adding that after May, the volume of imports of equipment necessary for the production increased by a two-digit figure.

The Acting Prime Minister said that there are special procedures, regimes and other tax systems for importers of production equipment. "Customs duties and VAT are postponed on condition that this equipment will be put into operation and new jobs will be opened. This, of course, is our condition and offer to all investors. In general, it's very important to encourage work in Armenia. Two days ago speaking at the National Assembly, I said that entrepreneurial skills are a special talent and gift. As not all people can paint like the classics of painting, just as not everyone can do business like successful businessmen. I want to admit that I realize that business is not my priority, especially in the status of Prime Minister. Generally, I consider it a catastrophic phenomenon when in any country the head of state is engaged in business and has business interests. I think this is the first prerequisite for breaking the business environment, thus I have good news for all of you, I don't have any competitors at all, this is the most important prerequisite that you can freely and fully fulfill your business talent in Armenia. The biography of the businessmen present here has proved that you are people with business talent, and we invite you to invest your talent in the construction of the new Economy of New Armenia ", Nikol Pashinyan said.

To note the event is attended by parliamentarians, ministers, business representatives, chairmen of chambers of commerce and industry, and representatives of top management from companies from 20 countries. The participants of the three-day conference will have the opportunity to get acquainted with the business and investment environment of the country and discuss the prospects for investments in Armenia. Delegates will visit various enterprises to familiarize themselves with the legal and economic features of investments in Armenia. Then Nikol Pashinyan held a working lunch with members of the presidium of the Union of Industrialists and Entrepreneurs of Armenia. Various issues related to the improvement of the investment environment in the country, legislative regulation, tax reforms and the fight against corruption were discussed. The interlocutors noted the importance of the steps taken by the government to combat corruption in terms of improving the investment environment, and stressed that the business community, including SMEs, will benefit from this. The parties also touched upon the issues of effective dialogue and feedback between the government and business.