Armenia Begins Substantive Reforms to Improve its Ranking

What could be done to improve the country’s position in the World Bank’s Doing Business Index.

Currently Armenia ins ranked 41st among 190 countries, having improved its place by six points from the previous ranking for 2018.

VPM Avinyan said that improving the business environment is a priority of the government which will be strictly consistent in the implementation of the necessary measures.

The meeting discussed also ways to simplify permits, connecting to the power grid, registering property, obtaining loans, protecting small shareholders, paying taxes. Through the implementation of these measures, the government intends to reduce the administrative burden, eliminate barriers to doing business, simplify tax and customs policies, and define a predictable environment for foreign trade.

Avinyan said various platforms will be used to bring the outcome of the measures to the business community.

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