Wednesday, December 6 2017 13:26
Naira Badalian

Economist: the economic model of Armenia`s development has completely exhausted itself

Economist: the economic model of Armenia`s development has completely  exhausted itself

ArmInfo. In Armenia, addressing  economic issues requires the political will of the authorities.  Today's situation in the country's economy speaks of its absence.  Economist Vahagn Khachatryan stated this on November 6 on the margins  of the conference dedicated to the issues of entrepreneurship  development in Armenia.

According to him, the solution of economic issues in Armenia is on  the political plane. "We are talking about corruption and fair  government, solving problems with corruption, we can solve 70-80% of  the number of challenges facing the republic today," he said.

According to the recommendations of the World Bank (WB), as noted by  the expert, good governance of the country implies an effective fight  against corruption and the establishment of the rule of law.  "Armenia, if we consider the period from 1996 to 2016 in the line of  eradicating corruption, did not record positive changes, on the  contrary, there is a regression," Khachatryan said. Regarding the  rule of law, if there is some progress, then, according to the  expert, it is very different from international standards, and among  the countries of Europe and Central Asia, the republic is below the  average level. Thus, according to the expert, if the powers that be,  in fact, are full of the desire to create for the good of the people,  then do not reinvent the wheel, but just listen to the world's best  practices.

According to the economist, today the economic model of Armenia's  development has completely exhausted itself. The World Bank on the  basis of two-year research, calling for a different model, he noted,  previously voiced this assessment. The results of this policy,  according to Vahagn Khachatryan, were reflected in the report  published on the eve of the National Statistical Service on the  social picture of the country for 2016. "The document, firstly,  recorded that from 2004-2016 90% of Armenian households have a daily  income of up to $ 10, which, in fact, means a lack of development,  for the simple reason that the government does not set itself such a  task," he pointed out. This is explained by the fact that the  government does not want to have an independent political group,  which will not go on sale of its electoral vote for 10,000 AMD.

In addition, the erroneous model of the country's development has led  to a demographic crisis - the country's population is not only  declining in absolute terms, but is also aging. "All this indicates a  fiasco of the economic policies of the current authorities," the  economist said.

The quality of the current government, as the expert said, also  speaks of his legislative activities. Referring to the document on  the relative effectiveness of the legislative activity of the  National Assembly of the 5th convocation, Vahagn Khachatryan noted  that the legislation on tax and customs duties and state payments as  a whole was revised 200 times, only the RA Law "On State Duty" - 38  times, RA Law "On VAT "- 18 times, RA Law" On Income Tax "- 15  times," On Profit Tax "- 12 times. "And this, in the event that  international experience recommends not to touch the tax legislation  for at least 5 years, so that the business has time to adapt to it,"  he said. In addition, as noted by the expert, 9 out of 10 laws were  initiated by the government, and every second law was adopted  urgently, and this is in case that the Armenian parliament is  considered professional. All this, shows that the Armenian Cabinet of  Ministers is interested not in business development, but in the  replenishment of the budget.

POST A COMMENT
Input digits     


News
Will the EAEU expand? the Deputy Prime Minister of Armenia commentsWill the EAEU expand? the Deputy Prime Minister of Armenia comments
Grigoryan on Baku`s statements Grigoryan on Baku`s statements "about returning to the Zangezur  corridor" - "Even as a transport route, the issue will not be  discussed"
1000 large taxpayers of Armenia increased the volume of tax payments  by 6% per annum in the first quarter of 20211000 large taxpayers of Armenia increased the volume of tax payments  by 6% per annum in the first quarter of 2021
State agencies are on the list of large taxpayers in ArmeniaState agencies are on the list of large taxpayers in Armenia
Mher Grigoryan discussed with the EU delegation the work on  unblocking regional transportMher Grigoryan discussed with the EU delegation the work on  unblocking regional transport
Papikyan defies detractors-modernization of Metsamor NPP will be  continuedPapikyan defies detractors-modernization of Metsamor NPP will be  continued
Mher Grigoryan: The ban on the import of Turkish goods to Armenia is  likely to be extendedMher Grigoryan: The ban on the import of Turkish goods to Armenia is  likely to be extended
Mher Grigoryan: The Government of Armenia has provided financial  assistance to more than 150 thousand beneficiaries within the  framework of assistance programs for ArtsakhMher Grigoryan: The Government of Armenia has provided financial  assistance to more than 150 thousand beneficiaries within the  framework of assistance programs for Artsakh
Deputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  PresidentDeputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  President
Prime Minister reported on the problems in the Zangezur  Copper-Molybdenum CombinePrime Minister reported on the problems in the Zangezur  Copper-Molybdenum Combine
Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion 
In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 
MP from the MP from the "My Step" faction: Forecasts of the impending  depreciation of the dram have no economic basis 
Expert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoricExpert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoric
Ardshinbank together with Visa launched an electronic wallet within the Мobile banking appArdshinbank together with Visa launched an electronic wallet within the Мobile banking app
Melkumyan: Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 
Armenia`s trade sector was in decline in January-February 2021Armenia`s trade sector was in decline in January-February 2021
Revenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annumRevenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annum
Passenger transportation in Armenia delayed in decline due to the  coronacrisisPassenger transportation in Armenia delayed in decline due to the  coronacrisis
Get now, pay later, now the same priceGet now, pay later, now the same price
Armenia`s steel industry was in decline by March 2021Armenia`s steel industry was in decline by March 2021
Armenia reduced electricity generation by 5.8% per annum in  January-February 2021Armenia reduced electricity generation by 5.8% per annum in  January-February 2021
Expert: The Central Bank`s initiative is a signal to Expert: The Central Bank`s initiative is a signal to "money bags" or  life under the microscope
RA Issued Eurobonds Are Now Traded on Armenia Securities ExchangeRA Issued Eurobonds Are Now Traded on Armenia Securities Exchange
Armenia`s manufacturing industry continues to sinkArmenia`s manufacturing industry continues to sink
Two-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan KerobyanTwo-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan Kerobyan
SRC of Armenia encourages decent taxpayersSRC of Armenia encourages decent taxpayers
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Read more


Exchange rates
16.04.2021
RUB6.890.10
USD522.201.00
EUR625.491.20
GBP719.540.96
CAD417.530.34
JPY47.980.06
CNY79.980.16
CHF568.043.05