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DESPITE WEAK JUDICIAL SYSTEM AND CORRUPTION, ARMENIA AGAIN RANKED AMONG MOST ECOOMICALLY FREE COUNTRIES
Noyan Tapan
Jan 15 2007
YEREVAN, JANUARY 15, NOYAN TAPAN. The regular classification "Index
of Economic Freedom" was published, according to which Armenia is
again among the world's most economically free countries: it is in
28th place among 162 countries. Based on the opinion of the Wall
Street Journal of Heritage Foundation (US), Armenia is the most
economically free country among CIS countries and is in 15th place
out of 41 countries of the European region.
It is indicated that Armenia needs to increase protection of the right
of property, reduce corruption and strengthen the judicial system,
In the past few years, Armenia has been among the relatively free
countries in the world, surpassing even several EU countries in
this respect.
By the 2008 index, Georgia is in 32nd place, Turkey is in 74th place,
Azerbaijan is in 107th place and Russia is in 134th place.
The Index of Economic Freedom is calculated based on 50 variables which
include all aspects of the business environment in the given country.
Noyan Tapan
Jan 15 2007
YEREVAN, JANUARY 15, NOYAN TAPAN. The regular classification "Index
of Economic Freedom" was published, according to which Armenia is
again among the world's most economically free countries: it is in
28th place among 162 countries. Based on the opinion of the Wall
Street Journal of Heritage Foundation (US), Armenia is the most
economically free country among CIS countries and is in 15th place
out of 41 countries of the European region.
It is indicated that Armenia needs to increase protection of the right
of property, reduce corruption and strengthen the judicial system,
In the past few years, Armenia has been among the relatively free
countries in the world, surpassing even several EU countries in
this respect.
By the 2008 index, Georgia is in 32nd place, Turkey is in 74th place,
Azerbaijan is in 107th place and Russia is in 134th place.
The Index of Economic Freedom is calculated based on 50 variables which
include all aspects of the business environment in the given country.