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2012 Fruitful Year For Armenia'S Economic Recovery: Jean-Michel Hapi

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  • 2012 Fruitful Year For Armenia'S Economic Recovery: Jean-Michel Hapi

    2012 FRUITFUL YEAR FOR ARMENIA'S ECONOMIC RECOVERY: JEAN-MICHEL HAPI

    15:17, 1 February, 2013

    YEREVAN, FEBRUARY 1, ARMENPRESS: 2012 was a productive year as to the
    economic recovery, GDP growth, high execution recorded in the various
    branches of the economy, the increase of tax collection,Head of the
    World Bank Armenia office Jean-Michel Hapi came forth in the briefing
    with the journalists on February 1.

    Referring to the recent tax reforms that arose some dissatisfaction
    among small and medium-sized businesses economy entities, Hapi noted
    they are closely cooperating with State Revenue Committee, in order
    amendments are made not only in tax administration physical
    infrastructures but private sectors as well, Armenpress reports.

    Speaking about WB earlier assessments that mining industry is one of
    the most vulnerable branches of Armenia's economy , Jean-Michel Hapi
    recalled efforts are being made to meet the legal acts in lithosphere
    with the international standards. "Armenia will become socially more
    attractive country if the amendments are called into life" Head of
    the World Bank Armenia office expressed his confidence. Speaking about
    presidential candidates' election programs referring to the economic
    development, Hapi stated he is guided not by the pledges of particular
    presidential candidate, but Government elaborated and approved
    activities schedule.

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