“Upon our observations, Armenia suffers more from corruption, fight against which should be led from top to bottom, in that case only that fight will succeed. And we’ll assist in that fight from top to bottom. Corruption has become a national security issue in the Republic of Armenia. You should have an independent investigative body of fight against corruption,” he said.
According to him, it is possible that this had a serious impact on Eurobonds of Turkey since Turkish leaders made different speeches over that issue during that time. “Azerbaijan’s Eurobonds were somehow influenced by it, however, we did not have any problems from that perspective”, Javadyan concluded.
On May 20 the regular session of the Eurasian Intergovernmental Council will be held in Armenia with the participation of the heads of the Governments of the EAEU member states.
“We want to include in the agreement favorable conditions for the export of brandy and wines. These points were not included in the draft because it has been created before the membership of Armenia to the EEU”, the Minister said.
Artur Javadyan, President of the Central Bank of Armenia says the levels of foreign debt of Armenia are not dangerous currently.
Deputy Director of Ucom company Alexander Yesayan participated in the “Connectivity for Commerce and Investment” business conference under the Chairmanship of Germany in the OSCE.
Representatives of the Armenian Ministry of Economy and other state structures, the Central Bank of Armenia, Stock Exchange of Armenia, the EBRD, IMF and Asian Development Bank presented reports on the economy, and especially, on investment environment.
“Reforms have been carried out in the spheres of tax, customs, protection of intellectual property rights. As a result, large investments were done by American companies, including, I’d like to mention the acquisition of “Vorotan” cascade by “Contour Global” last year, which is the largest American investment in Armenia,” the Ambassador said.
“Who said we didn’t formerly had that wish or didn’t fight for that? Of course, it should be implemented.”
Pursuant assessments of the World Bank in case of looking into the issue, the snapshot is rather disappointing. According to its report issued recently, number of those consuming more than USD 10 daily per capita comprise about 3% of Armenia’s population.
