Economic rights

The relationship of business and government in Armenia has come under increasing scrutiny. Businesses complain of a lack of consistency in dealings with government bodies. Bribery and connections still count for a lot. HETQ Online reports on the problems still facing doing business in RA.

On the whole, the situation in Armenia 's business sector is as follows: a businessman's economic "achievement", or his "success", does not depend at all on his professional abilities. The principal condition for a businessman's success is his degree of proximity to the government. The closer he is to the government, the more successful he is. The farther he is from the government, the less successful he is. If we take a look at the list of the most successful businessmen in Armenia , we see that those closest to the government are at the top of the list. There are no strangers on the list. How have these businessmen achieved their success?

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Posted by Matt on August 27, 2004 | TrackBack | Email to a friend