centreurope-english

Centreeurope.org
East-West portal

 

The business environment in Armenia

After a failed transition until the mid-90's, Armenia has made great progress in liberalizing its economy.

The Armenian Business Law has been notably improved these recent years but it still comprises many drawbacks. Armenia suffers from a bureaucratic, centralized and corrupted Administration.

The top income tax rate is 20 percent. The top corporate tax rate is 20 percent.

2004 Index of Economic Freedom

Rank Score Trade Policy Fiscal Burden Government Intervention Monetary Policy
44 2,63 2 2,3 3 2

Foreign Investment Banking and Finance Wages and Prices Property Rights Regulation Informal Market
2 1 3 3 4 4

Source: Heritage Foundation, 2004

IMPORTANT !

The current version of Centreeurope.org is not fully updated anymore. A new version with thousands of pages about Central and Eastern European countries will be launched soon.

Please check our new websites for Central and Eastern Europe countries