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MOST ARMENIANS SUCCEED IN BUSINESS OUTSIDE ARMENIA
arminfo
Thursday, May 19, 18:27
Most Armenians succeed in business outside Armenia only, IMF Permanent
Representative in Armenia Guillermo Tolosa said when delivering a
lecture in Yerevan.
Armenia is the only place where Armenians cannot conduct business
well. Most Armenians succeed in business outside Armenia only, Tolosa
said. He connects this situation with the unfavorable business climate
in the country. Moreover, neither small and medium business nor large
business representatives can succeed. Small business is not growing,
and large business mostly serve the domestic market, therefore it is
not developing, he said.
He pointed out that the problem is not the high tax rates, but the tax
administration and corruption. He said that the tax rates are not so
high as compared to other countries of the region, except Georgia. IMF
recommends the Armenian government to make the business climate more
favorable and remove the administrative obstacles. He expressed hope
that the latest reforms in economy may improve the situation, he said.
arminfo
Thursday, May 19, 18:27
Most Armenians succeed in business outside Armenia only, IMF Permanent
Representative in Armenia Guillermo Tolosa said when delivering a
lecture in Yerevan.
Armenia is the only place where Armenians cannot conduct business
well. Most Armenians succeed in business outside Armenia only, Tolosa
said. He connects this situation with the unfavorable business climate
in the country. Moreover, neither small and medium business nor large
business representatives can succeed. Small business is not growing,
and large business mostly serve the domestic market, therefore it is
not developing, he said.
He pointed out that the problem is not the high tax rates, but the tax
administration and corruption. He said that the tax rates are not so
high as compared to other countries of the region, except Georgia. IMF
recommends the Armenian government to make the business climate more
favorable and remove the administrative obstacles. He expressed hope
that the latest reforms in economy may improve the situation, he said.