PRIME MINISTER OF ARMENIA: REAL SECTOR OF ARMENIAN ECONOMY IS NOT ENOUGH OPEN AND TRANSPARENT FOR INVESTMENTS ATTRACTION

ArmInfo
01.06.2010

ArmInfo. The real sector of Armenian economy is not enough open and
transparent for attraction of investments, Prime Minister of Armenia
Tigran Sarkisyan said today at the meeting with students of Armenia.

He also added that many big Armenian companies hide their real incomes
although they should work open and publish the audit conclusions so
that to be interesting to investors. 'The problem that bond market
is not well developed arose because we have few companies that work
transparently', - he said and added that a competitive business-field
has not been formed either. This also hinders development of securities
market, he said. For this reason the government is trying on the one
hand, to make tax administration more severe, and on the other hand,
to create more favorable conditions for development of securities
market, Tigran Sarkisyan said.




From: A. Papazian