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Armenia Is Rather Attractive Country For Investments,ARLEX Internati

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  • Armenia Is Rather Attractive Country For Investments,ARLEX Internati


    Noyan Tapan News Agency, Armenia
    Oct 17 2005

    YEREVAN, OCTOBER 17, NOYAN TAPAN. The cooperation of South Caucasian
    businessmen and trade among the countries to some extent can contribute
    to the solution of conflicts existing in the region. US Ambassador
    Extraordinary and Plenipotentiary to RA John Evans declared this at
    the "Common Future" regional forum organized by the American Chamber
    of Commerce in Armenia. J.Evans also noted that the governments
    should also assist the development of business contacts in the
    region. According to the US ambassador, first of all it's necessary to
    have "fair" courts for attracting foreign investments and development
    of business in Armenia and the reforms carried out in the judicical
    sphere of Armenia can promote development of business.

    In the affirmation of RA NA Speaker Artur Baghdasarian, Armenia
    still needs to attract foreign investments and the state must form an
    atmosphere of mutual confidence in the sphere of economy. According to
    him, the legislative field of Armenian economy is almost completely
    formed and favorable conditions are created for free economic
    relations. A.Baghdasarian also noted that a continual struggle against
    corruption must be carried out for development of business.

    In the opinion of Tomas Samuelian, Director of the Arlex International
    legal-consultative organization, a simple legal field must be created
    for development of business and attraction of foreign investments in
    Armenia. Besides, according to him, Armenia's complicated tax system,
    in particular, superfluous bureaucratism, still hampers attraction
    of foreign investments. According to T.Samuelian, it's easy enough
    to implement activity in Armenia if we exclude some bureaucratic
    difficulties and in difference to a number of countries, no patronage
    of the authorities is necessary here.

    Armenia is rather an attractive country for investments and, in
    particular, the Armenian culture, as well as international recognition
    by means of the Spyurk contribute to it.