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Economist: Armenia has lost its investment attractiveness
by Ashot Safaryan
ARMINFO
Saturday, March 1, 15:21
Armenia has lost its competitiveness and investment attractiveness.
This is proved by the declining investments in the country's economy
over the past few years, economist Vahagn Khachatryan, member of the
opposition Armenian National Congress, said at today's rally in
Liberty Square in Yerevan.
"Due to the authorities' policy, the small and medium-sized businesses
literally feel short of breath. The authorities are only dreaming to
rob their own citizens and kill the last sprouts of SMEs", said
Khachatryan.
Khachatryan recalled the authorities' latest initiatives that have
deteriorated the hard socio-economic situation of the citizens. These
initiatives include the rise in gas and electric power tariffs,
compulsory accumulative pension system, paid parking lots in Yerevan's
streets, car insurance fraud, as well as the speed recorders and the
legalized robbery on the roads.
"The robbed funds are being taken abroad. Over the past 2 years the
capital outflow totaled 5 bln drams, according to the WB's data", he
said.
by Ashot Safaryan
ARMINFO
Saturday, March 1, 15:21
Armenia has lost its competitiveness and investment attractiveness.
This is proved by the declining investments in the country's economy
over the past few years, economist Vahagn Khachatryan, member of the
opposition Armenian National Congress, said at today's rally in
Liberty Square in Yerevan.
"Due to the authorities' policy, the small and medium-sized businesses
literally feel short of breath. The authorities are only dreaming to
rob their own citizens and kill the last sprouts of SMEs", said
Khachatryan.
Khachatryan recalled the authorities' latest initiatives that have
deteriorated the hard socio-economic situation of the citizens. These
initiatives include the rise in gas and electric power tariffs,
compulsory accumulative pension system, paid parking lots in Yerevan's
streets, car insurance fraud, as well as the speed recorders and the
legalized robbery on the roads.
"The robbed funds are being taken abroad. Over the past 2 years the
capital outflow totaled 5 bln drams, according to the WB's data", he
said.