“Armenia stands out with the level of liberalization of business environment,” Vache Gabrielyan, Armenian Deputy Prime Minister, Minister of International Economic Integration and Reforms said, addressing the Armenia: Investment Forum in New York. He reminded that Armenia is ranked 35th among 189 countries in the World Bank’s Doing Business Report.
The Deputy Prime Minister referred to Armenia’s geographical location and its peculiarities, the system of governance, the entry visas and accessibility of transport, communication and energy infrastructures.
Vache Gabrielyan stressed the benefits and perspectives opened up by Armenia’s accession to the Eurasian Economic Union, the GSP+ and GSP trade regimes with the European Union and the United States, also as due to cooperation with Georgia and Iran.
Vache Gabrielyan noted that Armenia is amending its tax and customs systems to ensure further improvement of the business environment.
He noted that the Tax Code recently adopted by the National Assembly envisages privileges for investors and entrepreneurs.