The highest rates of economic development are fixed in Armenia for year 2003 among the CIS member-countries, as reported by Mediamax agency, the annual Transition report 2003 of the European Bank for Reconstruction and Development (EBRD) says. The document also notes a number of principal directions Armenian government, in the opinion of the EBRD, should concentrate its attention at. “For improving the business atmosphere in the country it is necessary to activate reforms in the enterprises, court and tax systems, as well as implement the laws on publishing the financial information and on the struggle against corruption, in the state and customs services especially”, – the report runs. Despite the reduction of Armenia’s state debt, the EBRD experts advise to bring the tax collection and the export incomes up to standard for the financing of the infrastructures and increasing the expenses for the social sphere provided by the strategic program for poverty reduction.
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