Tweet
"HERITAGE FOUNDATION": ARMENIA IS THE LEADER AMONG THE CIS COUNTRIES IN ECONOMICAL FREEDOM LIST
http://times.am/?l=en&p=16740
The "Heritage Foundation" has published the list of the "2013 Index
of Economical Freedom". According to the list Hong Kong, Singapore
and Australia are on the first three places in the list.
Armenia's economic freedom score is 69.4, making its economy the 38th
freest in the 2013 Index. Its overall score has increased by 0.6 point
from last year, mainly reflecting the better management of public
spending. "Armenia is ranked 17th among the 43 countries in the Europe
region, and its score puts it above the world and regional averages",
the official web-site of the Foundation informs about this.
"Considerable diversification of the economic base has increased
economic dynamism in Armenia, and a decade of strong economic growth
has reduced poverty and unemployment rates. Regulatory efficiency
has been facilitated by a broad simplification of business procedures.
Following expansionary fiscal policies in recent years, steps have
been taken to limit the cost of government through more prudent public
finance management.
Although Armenia performs relatively well in many categories of
economic freedom, stronger foundations are needed in areas like
judicial independence and government transparency. Despite progress
in tackling corruption, particularly within the tax and customs
administrations, the close relationships within political and business
circles raise concerns about cronyism and undue influence by vested
interests", the report concludes.
10.01.13, 13:31
http://times.am/?l=en&p=16740
The "Heritage Foundation" has published the list of the "2013 Index
of Economical Freedom". According to the list Hong Kong, Singapore
and Australia are on the first three places in the list.
Armenia's economic freedom score is 69.4, making its economy the 38th
freest in the 2013 Index. Its overall score has increased by 0.6 point
from last year, mainly reflecting the better management of public
spending. "Armenia is ranked 17th among the 43 countries in the Europe
region, and its score puts it above the world and regional averages",
the official web-site of the Foundation informs about this.
"Considerable diversification of the economic base has increased
economic dynamism in Armenia, and a decade of strong economic growth
has reduced poverty and unemployment rates. Regulatory efficiency
has been facilitated by a broad simplification of business procedures.
Following expansionary fiscal policies in recent years, steps have
been taken to limit the cost of government through more prudent public
finance management.
Although Armenia performs relatively well in many categories of
economic freedom, stronger foundations are needed in areas like
judicial independence and government transparency. Despite progress
in tackling corruption, particularly within the tax and customs
administrations, the close relationships within political and business
circles raise concerns about cronyism and undue influence by vested
interests", the report concludes.
10.01.13, 13:31