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Degree of transparency of the Armenian economy unsatisfactory

24.01.2011 13:39

Degree of transparency of the Armenian economy unsatisfactory

YEREVAN, January 24. / ARKA /. The transparency degree of the Armenian economy is unsatisfactory, Bekor Papazian, the executive director of the National Competitiveness Fund of Armenia, told reporters Saturday.

"The Armenian market is not closed, but the degree of its transparency and the presence of obstructions do not satisfy us, and it definitely should be more open", said Papazian.

According to him, the economic situation in Armenia will improve dramatically after the economic system becomes more open and transparent, and businessmen’s access to the market will be facilitated , based on the proposed cost of the product or service, rather than on the basis of secondary characteristics.

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