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ARMENIA AND KARABAKH SHOULD TOUT THEIR ADVANTAGES TO ATTRACT EXTRA FOREIGN INVESTMENT: PM SAYS
ARKA
Oct 3, 2011
YEREVAN, October 3. / ARKA /. Speaking at the third economic forum
'Bridge Artsakh 2011' that opened October 1 in Nagorno-Karabakh capital
Stepanakert Armenian prime minister Tigran Sarkisian said Armenia and
Nagorno-Karabakh should more actively advertise their advantages to
attract more foreign investment.
The agenda of the forum that discussed the advanced economy as the
basis of independence of the country, highlighted ways about how to
make Armenia and Nagorno-Karabakh attractive both for Armenian and
foreign entrepreneurs.
In a keynote speech prime minister Sarkisian said the forum has
become traditional, saying also that additional efforts are needed
to bring more participants to it from Armenia and foreign countries
because that will enable to identify the economic potential of the
Nagorno-Karabakh and to attract new investment.
The prime minister said that the current global economic trends
suggest that 'our behavioral rules should be consistent with
global processes.' In this regard, Armenia and Nagorno-Karabakh
must advertise more aggressively their comparative advantages to
attract additional private investment from abroad. According to him,
in 2012 the two Armenian states should set the focus on disclosure
of domestic resources.
"We need to stimulate economic growth by using our own potential.
First of all we need to create a favorable and supportive environment,
eliminate all barriers and reduce corruption risks. To this end we
have implemented unprecedented measures in 2020 and 2011. Soon the
president of Armenia will decree to introduce the so-called "system
of guillotine" that means removing all extra red tape that prevents
business development," the prime minister said.
Sarkisian said cooperation between public and private sectors will
be another important task in 2012. He said it is important in terms
of strengthening the resilience of the state. According to him, the
atmosphere of trust is very important because that shapes positive
expectations of business people.
On the fringes of the forum the second trade-industrial exhibition
"Artsakh Expo 2011" opened involving companies from Armenia
and Karabakh operating in the fields of agriculture, industry,
construction and food processing. Tigran Sarkisian visited the
exhibition-hall and then the Artsakh State University to meet with
faculty and students.
From: A. Papazian
ARKA
Oct 3, 2011
YEREVAN, October 3. / ARKA /. Speaking at the third economic forum
'Bridge Artsakh 2011' that opened October 1 in Nagorno-Karabakh capital
Stepanakert Armenian prime minister Tigran Sarkisian said Armenia and
Nagorno-Karabakh should more actively advertise their advantages to
attract more foreign investment.
The agenda of the forum that discussed the advanced economy as the
basis of independence of the country, highlighted ways about how to
make Armenia and Nagorno-Karabakh attractive both for Armenian and
foreign entrepreneurs.
In a keynote speech prime minister Sarkisian said the forum has
become traditional, saying also that additional efforts are needed
to bring more participants to it from Armenia and foreign countries
because that will enable to identify the economic potential of the
Nagorno-Karabakh and to attract new investment.
The prime minister said that the current global economic trends
suggest that 'our behavioral rules should be consistent with
global processes.' In this regard, Armenia and Nagorno-Karabakh
must advertise more aggressively their comparative advantages to
attract additional private investment from abroad. According to him,
in 2012 the two Armenian states should set the focus on disclosure
of domestic resources.
"We need to stimulate economic growth by using our own potential.
First of all we need to create a favorable and supportive environment,
eliminate all barriers and reduce corruption risks. To this end we
have implemented unprecedented measures in 2020 and 2011. Soon the
president of Armenia will decree to introduce the so-called "system
of guillotine" that means removing all extra red tape that prevents
business development," the prime minister said.
Sarkisian said cooperation between public and private sectors will
be another important task in 2012. He said it is important in terms
of strengthening the resilience of the state. According to him, the
atmosphere of trust is very important because that shapes positive
expectations of business people.
On the fringes of the forum the second trade-industrial exhibition
"Artsakh Expo 2011" opened involving companies from Armenia
and Karabakh operating in the fields of agriculture, industry,
construction and food processing. Tigran Sarkisian visited the
exhibition-hall and then the Artsakh State University to meet with
faculty and students.
From: A. Papazian