Thursday, October 20 2011 21:34

Tigran Jrbashyan: Armenia's place in Doing Business 2012 report reflects the real economic situation in the country


ArmInfo. Armenia's place in Doing Business 2012 report reflects the real economic situation in the country but it cannot be the goal of our reforms, Development Director of Ameriabank Tigran Jrbashyan said during a press-conference on Thursday.

"The goal of the reforms must be the best possible economic conditions for the best possible use of existing resources. The reforms are effective and the Doing Business report has confirmed this but the question is if they will allow us to survive one more possible crisis wave," Jrbashyan said.

Armenia is the 55th on the Doing Business 2012 report - 6 positions up from the previous rank. The report has registered six reforms in Armenia and has proclaimed the country as the second biggest reformer in the CIS after Kazakhstan.
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