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EBRD ready to boost Armenia's investment climate
March 7, 2012 - 18:01 AMT
PanARMENIAN.Net - Armenian government has recently made significant
efforts to boost investment climate of the country, Managing Director
of European Bank for Reconstruction and Development (EBRD) for Turkey,
Eastern Europe, Caucasus and Central Asia said.
In this context, Olivier Descamps noted that EBRD implemented about 21
programs at total amount of USD 125 mln. in 2011.
`The bank is a leading institutional investor in private sector, with
our investments growing with every passing year,' he told a press
conference on March 7.
According to him, improvement of investment climate in the country
boosts investment flow in the country, particularly establishment of
solid legislative field, tax and customs administration, creation of
equal opportunities for competition.
EBRD official further noted expansion of powers of the Republic of
Armenia State Commission for the Protection of Economic Competition
(SCPEC), facilitation of business registration procedures in the
country, and ways to `ensure better protection for representatives of
small and medium enterprises' among the steps to be taken to boost
investment climate.
Olivier Descamps further noted EBRD readiness to cooperate with
Armenian government to take consistent steps in that direction.
High-ranking representatives of the European Bank for Reconstruction
and Development (EBRD) are currently on visit to Armenia to get an
update on Armenian economy and expected role that EBRD can play in the
country.
From: Emil Lazarian | Ararat NewsPress
March 7, 2012 - 18:01 AMT
PanARMENIAN.Net - Armenian government has recently made significant
efforts to boost investment climate of the country, Managing Director
of European Bank for Reconstruction and Development (EBRD) for Turkey,
Eastern Europe, Caucasus and Central Asia said.
In this context, Olivier Descamps noted that EBRD implemented about 21
programs at total amount of USD 125 mln. in 2011.
`The bank is a leading institutional investor in private sector, with
our investments growing with every passing year,' he told a press
conference on March 7.
According to him, improvement of investment climate in the country
boosts investment flow in the country, particularly establishment of
solid legislative field, tax and customs administration, creation of
equal opportunities for competition.
EBRD official further noted expansion of powers of the Republic of
Armenia State Commission for the Protection of Economic Competition
(SCPEC), facilitation of business registration procedures in the
country, and ways to `ensure better protection for representatives of
small and medium enterprises' among the steps to be taken to boost
investment climate.
Olivier Descamps further noted EBRD readiness to cooperate with
Armenian government to take consistent steps in that direction.
High-ranking representatives of the European Bank for Reconstruction
and Development (EBRD) are currently on visit to Armenia to get an
update on Armenian economy and expected role that EBRD can play in the
country.
From: Emil Lazarian | Ararat NewsPress