러시아ㆍ유라시아

Market economy is based on the freedom of economic activities, reliable protection of property rights and predictability of economic laws. Obviously one of the important prerequisites for the development of the economy is appropriate investment environment. This is an important structure for providing a high level development of market relations. The problems connected with the issue of increasing of investments in the transition economy were discussed. Factors affecting the investment environment were studied and areas for improvement of the investment environment were proposed. Transition of economy to liberal market relations in the Republic of Armenia was accompanied with the implementation of large-scale political and economic changes as a result of which it became possible to overcome the economic crisis in the early 1990s. Beginning from the year 1994 a constant economic growth was registered in the country. It was an average of 8.6 % per annum from the year 1994 to 2006. The last global financial crisis has had serious impact on the economic situation in the country. That was the reason for the deterioration of most of the macroeconomic indicators. The main tasks of economic development of the Republic of Armenia in the coming years will be mainly connected with the ability to attract additional investment resources. Nowadays there is no restriction in country's legislation for the import of foreign capital. It is considered that the most favorable conditions are provided in the country for foreign investments. But according to the international experts the development of business in Armenia is mainly prevented by tax, customs legislation (in particular as regards evaluation) and non-discoursive implementation of other laws especially in trade. For large-scale modernization of the economy it is necessary to create a favorable business and investment environment, implement predictable macroeconomic policies aimed at ensuring economic growth and gradually restructure the economy. Nowadays the state investment policy priorities should be aimed at the improvement of the production abilities and reconstruction of the economy structure, raising the competitiveness, development of the innovative and high-tech sectors of the economy.

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