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ARMENIA NEEDS LAWS TO REGULATE ACTIVITY OF LOCAL GOVERNMENT BODIES
ARKA News Agency, Armenia
Nov 2 2006
YEREVAN, November 1. /ARKA/. Armenia needs laws that will regulate
the activity of local government bodies, Vahan Movsisyan, president
of the Union of Community Financiers (UCF) reported at the round
table on the topic "Role of Local Government Bodies in Encouraging
Economic Development".
He said that the activity of local authorities in Armenia is not
systematized and regulated.
Movsisyan pointed out that private entrepreneurship can successfully
develop in those communities where stability of the system of
infrastructures is ensured. "The principal element of our support is
expected to bring the existing infrastructures to the level that will
be attractive for business," he said.
Besides this, it is necessary to create certain ways to influence
representatives of the business environment. "This influence can
be exerted by provision of certain tax breaks for local government
bodies. In this case, the profit from business should be regarded as
the income of the given community," he said.
In this relation, the UCF president pointed out that there is lack
of mid- and long-term development programs in communities. On their
basis, the government's and donors' support could be obtained.
"It is important to begin a simultaneous work on elaboration of the
relevant laws and search of funds.
ARKA News Agency, Armenia
Nov 2 2006
YEREVAN, November 1. /ARKA/. Armenia needs laws that will regulate
the activity of local government bodies, Vahan Movsisyan, president
of the Union of Community Financiers (UCF) reported at the round
table on the topic "Role of Local Government Bodies in Encouraging
Economic Development".
He said that the activity of local authorities in Armenia is not
systematized and regulated.
Movsisyan pointed out that private entrepreneurship can successfully
develop in those communities where stability of the system of
infrastructures is ensured. "The principal element of our support is
expected to bring the existing infrastructures to the level that will
be attractive for business," he said.
Besides this, it is necessary to create certain ways to influence
representatives of the business environment. "This influence can
be exerted by provision of certain tax breaks for local government
bodies. In this case, the profit from business should be regarded as
the income of the given community," he said.
In this relation, the UCF president pointed out that there is lack
of mid- and long-term development programs in communities. On their
basis, the government's and donors' support could be obtained.
"It is important to begin a simultaneous work on elaboration of the
relevant laws and search of funds.