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Report: Investment Freedom Level 70% In Armenia

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  • Report: Investment Freedom Level 70% In Armenia

    REPORT: INVESTMENT FREEDOM LEVEL 70% IN ARMENIA

    ARKA
    Jan 13, 2009

    YEREVAN, January 13. /ARKA/. According to Economic Freedom Index 2009
    published by American Heritage Foundation, the level of investment
    freedom did not change from last year and is 70% in Armenia in 2008.

    Foreign and domestic investors are treated equally and have the
    same right to establish businesses in nearly all sectors. According
    to specialists of the Foundation, privatization, though generally
    successful and legally open to all bidders, has not been transparent.

    There are no restrictions or controls on the holding of foreign
    exchange accounts, invisible transactions, or current transfers.

    Heritage Foundation was founded in 1973 as a researching and
    educational organization. The Foundation publishes a large number
    of informational and analytical materials on different aspects of
    internal and foreign policy from social problems to anti-missile
    defence programs.

    Researches and publications of Heritage Foundation are mostly on such
    problems as fight against terrorism, strategic stability and regional
    aspects of international security.

    Some active participants of the Foundation include distinguished
    American politicians and public figures, journalists and
    representatives of scientific community.
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