Revolutionary Reforms Needed

    • Business - Wednesday, 20 June 2012, 18:02

In an interview with Lragir.am the IMF resident representative Guillermo Tolosa said the growing income is not enough to create components of social security and poverty reduction, such as unemployment benefit, free medical care and education which protect citizens from crisis and prevent emigration, Mr. Tolosa said.

He noted that the situation will change promptly if reforms are carried out with the support of the international community. Tolosa announced that the external interest to invest in Armenia is high thanks to the factor of the Diaspora. There is an opportunity to launch free trade with Europe and CIS.

He noted that if the business climate is improved, investments will grow. However, revolutionary steps are needed.

Business

  1. Oskanian: Program of Government Is Austerity Plan
    Member of Parliament Vartan Oskanian, PAP, posted a comment on the program of government on his Facebook wall.
    19:38 21/05/2013
  2. Orange offers HP and Dell laptops in the scope of the “Computer for all” project
    In the scope of the “Computer for all” project HP and Dell can be purchased at Orange shops. In the nearest future Asus laptops will be added to the list of proposed brands.
    15:27 20/05/2013
  3. U.S. Ambassador Gave Example of Sugar
    The U.S. ambassador John Heffern visited Coca Cola Hellenic Bottlers Armenia today and shared IMF’s concerns about the economy of Armenia.
    15:59 17/05/2013
  4. Electricity Bill Will Be Reviewed
    The Public Services Regulatory Commission has taken the initiative to review the price of power sold to consumers, the PSRC informs.
    20:48 15/05/2013
  5. Armenia: Time to Change the Pace
    Armenia has made great progress since independence—thanks to the efforts of successive governments.
    12:41 15/05/2013
  6. Expert from U.S. Studies Air Transportation
    The State Commission for Protection of Economic Competition continues the study air transportation, the commission informs.
    10:58 15/05/2013
  7. ARG Applied to PSRC
    ARG has applied to the Public Services Regulatory Commission to raise the price of gas.
    15:08 14/05/2013
  8. Orange launched sales of Samsung Galaxy S4
    On May 10 Orange launched sales of Samsung Galaxy S4 smartphone in its shops.
    18:12 13/05/2013
  9. 128,237 Tourists Visited Armenia
    According to surveys, in the first quarter of this year 128,237 tourists visited Armenia.
    17:07 10/05/2013
  10. Foreign Debt Is 3,74 Billion USD As Of 31.12.2012
    On May 29 the Standing Committees of the National Assembly will start discussing the annual report on state budget performance in 2012.
    16:45 08/05/2013

Most Viewed