Tweet
New Europe, EU
Jan 21 2012
US survey rates Georgian economy `Moderately Free'
January 21, 2012 - 10:18pm
An annual survey conducted by `The Wall Street Journal' and the
Heritage Foundation has declared Armenia as the 39th freest economy in
the world mainly due to a liberal regulatory environment and
`competitive' tax rates, Armenia Liberty.org reported.
The aforesaid conservative US institutions had rated 179 countries on
four criteria of economic freedom, including the rule of law, the size
of government and market openness. With a cumulative score of 68.8,
Armenia was placed into a category of nations with `moderately free'
economies.
It was ranked 19th freest among 43 countries in Europe, ahead of
France and Norway. However authors of the survey noted that Armenia's
overall score declined by 0.9 point from last year due to negative
trends in corruption, government spending and monetary freedom. `That
should be a subject of serious analysis because in the absence of
other competitive advantages economic freedom is our main trump card,'
said Gagik Minasian, the pro-government chairman of the Armenian
parliament's committee on finance and budgetary affairs. Armenian
analysts and opposition politicians have expressed doubt over the
recent findings of the US institutions.
http://www.neurope.eu/article/us-survey-rates-georgian-economy-moderately-free
Jan 21 2012
US survey rates Georgian economy `Moderately Free'
January 21, 2012 - 10:18pm
An annual survey conducted by `The Wall Street Journal' and the
Heritage Foundation has declared Armenia as the 39th freest economy in
the world mainly due to a liberal regulatory environment and
`competitive' tax rates, Armenia Liberty.org reported.
The aforesaid conservative US institutions had rated 179 countries on
four criteria of economic freedom, including the rule of law, the size
of government and market openness. With a cumulative score of 68.8,
Armenia was placed into a category of nations with `moderately free'
economies.
It was ranked 19th freest among 43 countries in Europe, ahead of
France and Norway. However authors of the survey noted that Armenia's
overall score declined by 0.9 point from last year due to negative
trends in corruption, government spending and monetary freedom. `That
should be a subject of serious analysis because in the absence of
other competitive advantages economic freedom is our main trump card,'
said Gagik Minasian, the pro-government chairman of the Armenian
parliament's committee on finance and budgetary affairs. Armenian
analysts and opposition politicians have expressed doubt over the
recent findings of the US institutions.
http://www.neurope.eu/article/us-survey-rates-georgian-economy-moderately-free