Armenian Economy Minister on the reforms of investment environment 

During the discussion of the road map for the implementation of the investment reform program, Vahan Kerobyan, the Armenian Economy Minister, said that the government is striving to change the architecture of the economy in order to move from a consumption-based economic growth model to a model where economic growth is based on investment growth. According to the Minister, this is possible with the help of consistent reforms in the field of investment.

"We periodically receive signals that the investment environment in Armenia is improving, that it is promising, and that foreign investors are showing interest in Armenia. Nevertheless, in the external environment in which our country is located, consistent reforms of the investment environment are a necessity," Kerobyan said.

In this context, the Minister cited the catchphrase of Lewis Carroll: "To stand still, you need to run."

Armenia is leader in the growth of the service sector in EAEU

Armenia is a leader in the growth of the service sector in the EAEU countries.

According to the Eurasian Economic Commission, in the first quarter of 2022, among the countries of the Eurasian Economic Community, the largest growth in the service sector was recorded in Armenia – 80.3%. The export of services from Armenia increased by 84.6%, while the import of services by 74.8%. The positive balance of trade in services in Armenia increased by 2.2 times.

For comparison, the services turnover in Belarus showed a decline of 3.5%, in Kazakhstan, it increased by 17%, and in Kyrgyzstan - by 19.4%.