Armenia’s economic laws show progress – economists
Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), notes progress in Armenia’s business environment for a number of reasons.
“The first positive change is the ‘one-window’ principle and simplified laws. Besides, progress has been recorded due to reforms in supervisory bodies,” Mr Makaryan told Tert.am as he commented on the Forbes Best Countries for Business list, which ranks Armenia 56th.
With respect to business environment problems, Mr Makaryan said:
“One of the major problems is that, however hard the government tries to reform laws, certain cases require more aggressive intervention, without hopes for self-regulated market.”
Although in other states the government is supposed to ensure favorable conditions, in Armenia such factors as black economy, unequal conditions for competition and inspections, management quality and personnel problems impede the process.
“I would like the government to pay more attention to such problems,” Mr Makaryan said.
He points out the need for work with banks in simplifying loan terms, - ensuring low-interest loans or subsidies.
“Unfair competition does not imply punishment of businessmen for changing prices in certain cases.
Rather, it is unequal attitude by officials, inspections and local government bodies. The situation needs improvement.”
The government should pay more attention to innovative research centers, which would be more efficient in terms of management and economic stability, technologies and export.
“Such companies will prefer transparent activities due to high profits,” Mr Makaryan said.
According to him, Armenia’s incumbent government is more active, especially Prime Minister Hovik Abrahamyan.
“Half of the ministers are passive, but the premier, although he is not an economist, is taking practical steps. He does not waste time and makes prompt decisions.”
Vice-Chairman of the Heritage party, economist Armen Martirosyan believes that although the Forbes Best Countries for Business list ranks Armenia 56th, it does not reflect the reality.
“I think any economic practice is evidence, and it shows quite a different picture,” he said.
The latest developments are clear evidence that Armenia cannot be said to have a favorable business environment.
“We see pressure on small and medium businesses year by year, with their share decreasing, and a lack of large-scale investments in Armenia,” Mr Martirosyan said.
With respect to international organizations’ assessments, he said:
“For advisability reasons they may make positive assessments, but the real situation does not change.”
Only top-ranking officials own big businesses in Armenia, and they are in the authorities’ hands.
“Market competition is out of the question here. Small and medium businesses are unprotected, and, despite cheap labor forces, large-scale investments are few in number in Armenia,” Mr Martirosyan said.
“Some legal reforms may have been implemented, but the reality is strikingly different from the official documents.”
Despite the fact that Armenia gets huge amounts to implement education and health reforms, but the real situation is worsening in the country, Mr Martirosyan concluded.
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