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TRANSITIONAL PERIOD OF ARMENIA'S ECONOMIC DEVELOPMEMT COMES TO END
Noyan Tapan
Jun 1 2006
YEREVAN, JUNE 1, NOYAN TAPAN. The transitional period of development
of the Armenian economy is coming to a end. RA Deputy Minister of
Trade and Economic Development Tigran Davtian expressed this opinion
at the June 1 press conference. In his words, it is evident from the
fact that Armenia's GDP in 2005 was greater than that of the Soviet
Armenia in 1990. The deputy minister said that today local investors
make considerable investments, an invetsment field has been formed,
some microeconomic stability has been established, and there is
no need to apply privileges for foreign investments. Particularly,
staring 2007, the previously introduced profit tax privileges for
foreign investments will no longer be used because these privilages
were envisaged for an early transitional stage of development of the
Armenian economy.
Noyan Tapan
Jun 1 2006
YEREVAN, JUNE 1, NOYAN TAPAN. The transitional period of development
of the Armenian economy is coming to a end. RA Deputy Minister of
Trade and Economic Development Tigran Davtian expressed this opinion
at the June 1 press conference. In his words, it is evident from the
fact that Armenia's GDP in 2005 was greater than that of the Soviet
Armenia in 1990. The deputy minister said that today local investors
make considerable investments, an invetsment field has been formed,
some microeconomic stability has been established, and there is
no need to apply privileges for foreign investments. Particularly,
staring 2007, the previously introduced profit tax privileges for
foreign investments will no longer be used because these privilages
were envisaged for an early transitional stage of development of the
Armenian economy.