ArmInfo. To the ratings of some international financial organizations it is necessary to show a rational approach. Prime Minister of Armenia Karen Karapetyan stated at the press conference, commenting on the fact that in the World Bank's Doing Business ranking - 2018 Armenia retreated by 9 points. "Despite the fact that we have surrendered our positions, in this rating we are located next to Belgium, so we need to take a rational approach to such ratings," the prime minister said. At the same time he pointed to the weaknesses of Armenia, which led to the reduction of the republic's positions in this rating - the judicial system, the process of bankruptcy and bank lending. "As for the sphere of bank lending, we are already taking concrete steps to remedy the situation," he said.
The prime minister expressed confidence that the investment climate and business environment in the republic improved: "I'm just confident in this and this is so."
Earlier, at the meeting of the government, the prime minister said that the report shows that the republic, despite the improvement of five indicators from 11, nevertheless, by 9 points deteriorated its rating. At the same time, as the prime minister noted, in other ratings Armenia's progress is obvious. In particular, in the index of global competitiveness of the World Economic Forum, Armenia moved from the 79th place to the 73rd, and in the index of economic freedom, calculated annually by the Wall Street Journal and the Heritage Foundation research center, the republic rose from the 54th place to the 33rd. Nevertheless, as Karen Karapetyan stated, the WB report testifies that from now on the issue of improving Armenia's positions in the Doing Business rating should become the issue of each responsible person. The prime minister recalled that earlier they had been given orders that were aimed at resolving precisely those positions in which the judicial and legal system was declining, administration when granting permits, etc. A package of legislative initiatives to address these problems has already been submitted to the National Assembly. The Prime Minister instructed the Minister of Economic Development and Reforms to submit proposals to the Government to organize reforms in this direction, and to carry out constant monitoring of the progress of their implementation. In addition, it was entrusted to submit a proposal on the creation of an interdepartmental working group headed by the Deputy Minister of Economic Development and Investments, which will coordinate this work. The head of the Center for Strategic Studies was instructed to form the necessary expert group in order to provide each state structure with the necessary methodological assistance.