ArmInfo. Armenia's economy needs serious treatment, Arsen Ghazaryan, Head of the Union of Manufacturers and Businessmen of Armenia (UMBA), told reporters on November 17.
He said everybody acknowledges the presence of serious problems in the country's economy. "Jointly with the state structures, it is necessary within the upcoming six months to solve the problems, which hinder sustainable development of the country's economy", the Head of the Union stated. He stressed that the proposals on improving the situation have been presented to the government. Many of them were included in the governmental program. Arsen Ghazaryan stressed that the proposals relate not only to the legislation, particularly the Tax Code, but also practical application of normative acts. The main goal of the initiatives presented by the Union is creation of healthy competitive environment. According to Ghazaryan it is also important to set connection between the ministry and professional unions in order to define those mechanisms of cooperation, which will be aimed at improvement of investment climate and activation of entrepreneurship.
