YEREVAN, August 7. /ARKA/. Armenia’s investment climate, according to the latest Doing Business 2019 report, is satisfactory, said Andrey Shirokov, the Executive Director of the Project Unit at the Eurasian Fund for Stabilization and Development (EFSD).
He said compared with the previous report, Armenia’s rating has improved by 1 position, and progress has been made in all areas, except for“ obtaining loans ”and“ international trade, ” which remained unchanged.
Shirokov added that, however, this has not yet been reflected in the inflow of foreign direct investment, which at the end of 2018 made only 2.1% of GDP.
The latest Doing Business 2019 ranking, released annually by the World Bank, ranks Armenia 41st among 190 countries. Armenia has improved its standing by six notches -0
