BAGHDASARYAN DOESN'T THINK ARMENIAN LEGAL SYSTEM IS HAMPERING COUNTRY'S DEVELOPING

ARKA News Agency, Armenia
Oct 17 2005

YEREVAN, October 17. /ARKA/. Armenian National Assembly Speaker
Arthur Baghdasaryan doesn't think Armenian legal system is barring
the country from developing, he said at A Common Future conference
in Yerevan. At the same time, he noted that the system needs a major
reformation to become a guarantor of lawfulness in the country.

Baghdasaryan stressed the importance of the crackdown on corruption
and economic mergers having monopolistic ambitions. "We have to
do whatever necessary to develop free economic market and form
offshore investors' trust", the lawmaker said. In his opinion,
favorable environment for investments is already created in Armenia,
but to retain this status Armenia should increasingly build up the
crackdown on corruption. "Government should become a partner to an
entrepreneur", Baghdasaryan said. That's why it is necessary to rid
the republic of corruption, he said. He attached a great importance to
struggle aginst corruption pointing out the need of rooting out it to
pave the way for free development of economic market and creation of
independent legal system, in which an entrepreneur will feel himself
shielded by the law.

From: Emil Lazarian | Ararat NewsPress