YEREVAN, JUNE 26, NOYAN TAPAN. At the June 26 sitting, the RA government approved the program of measures on improvement of the business environment in Armenia. The deputy minister of economy Vahram Ghushchian told reporters following the sitting that a number of measures will be implemented in the next 1.5 years with the aim of improving the business environment. According to him, the World Bank studies in 167 countries last year showed that Armenia made progress by several indices, but regress was registered with respect to some indices as well. Among these countries, Armenia takes 39th place, Georgia 17th in terms of improvement of the business environment. V. Ghushchian said that by the WB study, Armenia is in 2nd place by the short duration of property registration process and in 47th place by the index of duration of an enterprise foundation. The deputy minister noted that by 2010 Armenia may become 3rd on this list. Credit receiving is also a problem, and Armenia will move from 36th to 13th position by this index. According to the WB, Armenia is in 83rd place by investment security index and takes 143rd position in terms of tax payment.

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