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Prime Minister Of Armenia: Real Sector Of Armenian Economy Is Not En

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  • Prime Minister Of Armenia: Real Sector Of Armenian Economy Is Not En

    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
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