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Having No Capital Market Equal To Having No Tax Legislation

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  • Having No Capital Market Equal To Having No Tax Legislation

    HAVING NO CAPITAL MARKET EQUAL TO HAVING NO TAX LEGISLATION
    Hasmik Dilanyan

    "Radiolur"
    27.02.2009 13:35

    "Government officials and businessmen in Armenia are interested in
    the capital market," shareholder of the Grand Thornton Company Gurgen
    Hakobyan assured today. He noted that it's high time to educate the
    business environment.

    The global financial-economic crisis has exerted almost no influence on
    the Armenian capital market, while the assessments of the consequences
    of the crisis in the world are different.

    "Those who have worked in developed markets are disappointed. The
    disappointment is moving to the developing markets, as well," Minister
    of Economy Nerses Yeritsyan considers.

    According to the Minister, having no capital market is the same as
    having no tax legislation. In genera, Nerses Yeritsyan is optimistic.
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