Safer, easier, profitable, simplified: Armenia reforming investment sector

A roadmap for investment reforms aimed at promoting new investments, improving the investment environment and creating favorable climate for foreign investors in Armenia has been developed.

The roadmap was developed based on best international experience. It was presented by the USAID Armenia Business Enabling Environment Project to Minister of Economy Vahan Kerobyan on July 22.

Photos by Hayk Badalyan

Mission Director of USAID/Armenia John Allelo said that the document embodies “the best international approach and standards” adapted to the conditions of Armenia. It is an action plan.

“This roadmap can serve as a guideline which will direct foreign direct investments to Armenia,” Allelo said, expressing readiness to help Armenia in implementing the initiative.

The document was developed with joint efforts from Armenian and international experts.

Allelo said they’ve seen big progress in Armenia in the area, and that the Armenia Business Enabling Environment Project was launched in 2020 to address any emerging issues.

Minister of Economy Vahan Kerobyan said investment reforms have a very important place in the government’s economic reforms agenda.

“I bel...