Wednesday, November 16 2016 14:14
Naira Badalian

US Ambassador: Corruption negatively impacts any industry in the world and could generate a national security threat for Armenia

US Ambassador: Corruption negatively impacts any industry in the  world and could generate a national security threat for Armenia

ArmInfo. Corruption negatively  impacts any industry in the world and could generate a national  security threat for Armenia,  Ambassador Richard M. Mills, Jr. stated  within  sidelines of  the sustainable mining business conference,  held in Yerevan  on November 16.

According to the Ambassador, one of the  United States' priorities is  to make the industries of the partner-countries more transparent,  reportable, and to reach the rule out of corruption. At that,  according to the Ambassador, the success in corruption struggle is  the first priority for improvement of the business environment in  Armenia. 

Ambassador Mills reminded also his statements made in respect to  different issues about the fact that the country and the people are  suffering with unfair  and unequal business conditions and total  corruption. "Corruption makes harm for every economy in the world,  can destroy democracy, supremacy of law and to generate threats to  national security," the Ambassador stated. At the same time the Head  of American Diplomatic Mission in Armenia mentioned some positive  impulses in this aspect.

To note, in September 2015, in an interview with the RFE/RL Armenian  Service (Azatutyun), US Ambassador to Armenia Richard Mills said that  corruption sets back economic growth, hurts human rights development,  and undermines democracy. He thinks corruption "even undermines the  national security" because outside forces can control the development  of the country. The question is whether the government has tools and  a political will, but there is a civil society that can help the  government to fight it, he said. "If we cannot address this large  issue of corruption, which I understand is a serious issue - I know  it affects so much of Armenia's daily life - it will affect a large  part of our relationship in specific areas, for instance, investment.   I am very committed to growing the commercial ties, the investment  ties between Armenia and the United States. I think that now is the  time to focus on it. But to attract US investment, investors need to  know the climate, where everyone is treated the same, where there is  no unfair competition, where government services are equally  available to everyone," Ambassador Mills said in his interview. "And  if we don't see the Anti-Corruption Council address those things, I  think it will hurt the opportunities for investment," he noted. "My  message to anyone who has an issue of corruption is find the way to  highlight it, don't be afraid to speak up, I do believe there are  tools at your disposal within the government to address it, to find  someone who will help you address it," he said.

POST A COMMENT
Input digits     


News
Armenia`s first satellite, Armsat-1,  entered controlled deorbit  phaseArmenia`s first satellite, Armsat-1,  entered controlled deorbit  phase
Pashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two yearsPashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two years
Armenia`s industrial sector declined by 5.7% in January-September  2025Armenia`s industrial sector declined by 5.7% in January-September  2025
TEAM`s 5G network  available in Gyumri and VanadzorTEAM`s 5G network  available in Gyumri and Vanadzor
Economy Minister discussed rebranding of Armenian brandy with  producersEconomy Minister discussed rebranding of Armenian brandy with  producers
Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025
Fly Cham to launch Aleppo-Yerevan flightsFly Cham to launch Aleppo-Yerevan flights
FLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  yearFLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  year
Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025
Armenia, India discuss possible cooperation in defense industry Armenia, India discuss possible cooperation in defense industry 
Armenian MP proposes rising duty on metal fitting Armenian MP proposes rising duty on metal fitting 
New route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countriesNew route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countries
AraratBank Honoured with STP Award by Commerzbank AGAraratBank Honoured with STP Award by Commerzbank AG
AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan 
RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026
ARMSWISSBANK: A strategic financial bridge between Armenia and international marketsARMSWISSBANK: A strategic financial bridge between Armenia and international markets
Germany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German EmbassyGermany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German Embassy
By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%
Compelling Business Loan Offer from AraratBank: JOIN USCompelling Business Loan Offer from AraratBank: JOIN US
Economist: It`s too early to assess economic benefits of new freight  routes passing through ArmeniaEconomist: It`s too early to assess economic benefits of new freight  routes passing through Armenia
82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman
I hope we don`t jinx it: Pashinyan commends Iranian company for  I hope we don`t jinx it: Pashinyan commends Iranian company for  "unprecedented construction speeds"
Grain delivery to Armenia dynamic - premier Grain delivery to Armenia dynamic - premier 
Armenian pensioners to get cashless pensions Armenian pensioners to get cashless pensions 
RA MOD to get $11mln more RA MOD to get $11mln more 
Health Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan ProgramHealth Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan Program
Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways 
Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk 
First grain consignment from Russia to Armenia via Azerbaijan First grain consignment from Russia to Armenia via Azerbaijan 
The interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej TimesThe interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej Times
Armenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in DusseldorfArmenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in Dusseldorf
In Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salonsIn Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salons
Central Bank Chairman: Macrostability becoming Armenia`s hallmark Central Bank Chairman: Macrostability becoming Armenia`s hallmark 
AraratBank – Title Sponsor of Urartu Football ClubAraratBank – Title Sponsor of Urartu Football Club
SCR, Armenian Tourism Federation sign Memorandum of CollaborationSCR, Armenian Tourism Federation sign Memorandum of Collaboration
SCR Director: Rail route through Azerbaijan to be in demandSCR Director: Rail route through Azerbaijan to be in demand
Economic growth down in Jan-Sept 2025 Economic growth down in Jan-Sept 2025 
RA Anticorruption Committee to get more money in 2026RA Anticorruption Committee to get more money in 2026
Amendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product informationAmendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product information
Armenian authorities` task is keeping freight vehicles at country`s  land bordersArmenian authorities` task is keeping freight vehicles at country`s  land borders
Ameriabank’s Corporate Loan Portfolio Surpasses AMD 1 TrillionAmeriabank’s Corporate Loan Portfolio Surpasses AMD 1 Trillion
New mechanisms to take effect on Armenia`s real estate market New mechanisms to take effect on Armenia`s real estate market 
RA Investigative Committee to get to get AMD 219.6mln more next year RA Investigative Committee to get to get AMD 219.6mln more next year 
Russian wheat beting transported to Armenia via Azerbaijan - minister Russian wheat beting transported to Armenia via Azerbaijan - minister 
In 2026, total funding for Ministry of Environment`s activities to be  15.4 billion dramsIn 2026, total funding for Ministry of Environment`s activities to be  15.4 billion drams
Martin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflationMartin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflation
39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister
Opportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBankOpportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBank
Armenian premier on advantages of Washington agreements for EAEU  member-states Armenian premier on advantages of Washington agreements for EAEU  member-states 
RA CB leaves refinancing rate unchanged RA CB leaves refinancing rate unchanged 
Armenia`s education expenses to reach 3% of GDP in 2026 Armenia`s education expenses to reach 3% of GDP in 2026 
EU investing 5 million euros in Armenia`s nuclear safetyEU investing 5 million euros in Armenia`s nuclear safety
AraratBank and Théâtron Festival Bring Smiles to Little OnesAraratBank and Théâtron Festival Bring Smiles to Little Ones
EIB Global provides €100 million to support Armenian micro and small businessesEIB Global provides €100 million to support Armenian micro and small businesses
Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025
Armenia joins Germany`s Import Promotion Desk initiativeArmenia joins Germany`s Import Promotion Desk initiative
Ardshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as CollateralArdshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as Collateral
RA Ministry of Internal Affairs` seismic protection network to begin  next yearRA Ministry of Internal Affairs` seismic protection network to begin  next year
EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025
TUMO and Astana Hub: One good turn deserves anotherTUMO and Astana Hub: One good turn deserves another
Read more
Exchange rates
07.11.2025
RUB4.730.00
USD382.540.06
EUR441.831.56
GBP501.401.12
CAD271.06-0.26
JPY24.950.07
CNY53.720.02
CHF473.911.25