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UNDP, Armenian Trade And Development Ministry Launch UN Report

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  • UNDP, Armenian Trade And Development Ministry Launch UN Report

    UNDP, ARMENIAN TRADE AND DEVELOPMENT MINISTRY LAUNCH UN REPORT ON THE
    ROLE OF THE PRIVATE SECTOR PERISHED SOLDIERS FAMILIES

    ArmenPress
    25 Oct. 2004

    YEREVAN, OCTOBER 25, ARMENPRESS: Today, at the Congress Hotel in
    Yerevan Karen Chshmaritian, Minister of Trade and Economic Development
    of Armenia, Kalman Mizsei, Assistant Secretary-General and UN
    Development Program (UNDP) Assistant Administrator and Director of the
    Regional Bureau for Europe and the Commonwealth of Independent States
    (CIS), and Arsen Ghazarian, President of the Union of Manufacturers and
    Businessmen of Armenia, launched the Unleashing Entrepreneurship report
    prepared by a blue-ribbon commission at the request of Mr. Kofi Annan,
    the UN Secretary-General. This important global report focuses on the
    role of the private sector in development and calls on governments,
    international organizations and businesses to work together to
    help the private sector reduce poverty. The authors of the report,
    prominent scholars and former senior state and business leaders,
    analyze the links between entrepreneurship and attainment of the
    Millennium Development Goals (MDGs) agreed by world country leaders
    in 2000. The main findings of the report are as follows: Domestic
    private initiative and entrepreneurship have enormous potential but
    are often trapped in disabling business environments.

    To unleash the potential of the private sector, Governments need
    to create enabling environments for competitive private sector
    development by ensuring a strong rule of law and equal opportunities
    for businesses.

    Businesses can be major actors in the worldwide struggle to reduce
    poverty and promote the environment by working through public-private
    partnerships. The report is relevant for Armenia where the transition
    from a planned state-owned economy to a market economy is progressing
    rapidly. Today, 85 percent of the Gross Domestic Product (GDP) is
    produced by the private sector, and small and medium-sized enterprises
    account for 35 percent of GDP. Despite significant economic successes,
    however, the country still needs to ensure a more enabling environment
    for the full unleashing of Armenia's business potential. At the
    ceremony, Mr. Mizsei noted: "UNDP is proud to present this report to
    the major business leaders of Armenia. We strongly believe that through
    pubic-private partnerships such the ones already initiated in your
    country by our office in Yerevan and several major private companies,
    we can achieve the Millennium Goals in Armenia and, importantly,
    promote a better business environment in the country." "Armenia's
    economic successes for the last years are noteworthy, but there is
    still much to do in the country both in terms of reducing poverty as
    well as upgrading business ethics and practices in line with the best
    international standards," Mr. Ghazarian pointed out. Mr. Kalman Mizsei
    is on an official visit to Armenia from 23 to 26 October 2004. In
    his current position, Mr. Mizsei oversees operations and programs of
    UNDP field offices covering 30 countries in the region. Prior to his
    current position, Mr. Mizsei has worked as a senior official in the
    banking and financial sectors and as a senior advisor to governments
    of the region on their economic transition and reform. He was born
    in Budapest, Hungary. Mr. Mizsei holds a Ph.D. in Economics from the
    Budapest University of Economics. He is fluent in Hungarian (native),
    English, Polish and German, and speaks Russian.
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