YEREVAN, JULY 11, NOYAN TAPAN. In 2007 Armenia maintained stable macroeconomic growth: the two-digit index of the economic growth is mainly due to the growth in the sphere of construction done in the country and in the sphere of services, as well as transfers of Armenians working abroad. This was mentioned in the European Commission's report on Armenia in 2007 presented by Lusine Movsisian, the First Secretary of the RA Foreign Ministry EU Department, at a discussion on the subject Monitoring of European Neighborhood Policy Actions Plan organized on July 11 in Yerevan. In her words, as compared with the previous years, Armenia improved its business environment in 2007, but some work still need to be done in the direction of improving the investment sphere. According to the report, progress was also recorded in Armenia's tax sphere, which is encouraged by EU. According to L. Movsisian, EU calls RA authorities for continuing reforms in the tax sphere and administration, at the same time, proposes creating a tax collection advisory body for the business environment. L. Movsisian said that reforms implemented in the sphere of energy are also encouraged by EU. In particular, a document and actions plan on a new energy strategy was adopted in 2007. Besides, the security of Metsamor nuclear power plant was raised and the authorities of the body regulating the sphere of nuclear power plant's operation were expanded last year. According to L. Movsisian, Armenia plans to build a new nuclear power plant and it is possible that EU provide a credit for the construction of the power plant. "Nuclear power plant's construction is also important for Europe, as due to growth in prices for gas and oil, the role of secure nuclear energy has increased in the world," L. Movsisian said.

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