Wednesday, February 6 2019 17:16

ArmInfo.Promoting entrepreneurship, innovation, encouraging work and creativity, as  well as expanding access to finance will be among the priorities for  the government of Armenia over the next five years. This is stated in  the program of activities of the government of Armenia, posted on the  website of the executive body.

According to the source, within the framework of measures, the  government intends to simplify the system of state regulation as much  as possible, reduce the burden on business, remove barriers to  entrepreneurial activity, and simplify tax and customs policies.

Also in its activities, the Cabinet of Ministers provides for  improving the investment climate, ensuring the growth of private  investment, creating favorable conditions for private business, and  ensuring complete protection of capital.

The executive body, through purposeful policies and differentiated  approaches, intends to take measures to integrate the country's  economy into foreign markets, ensure the sustained growth of export  volumes, and develop entrepreneurship outside Yerevan. To this end,  it is envisaged to improve the efficiency of public administration,  including by eliminating repetitive functions, inefficient  bureaucratic procedures, excessive centralization and consolidation  of the same functions in various government bodies and departments.

Modernization, automation and digitization of modern services, the  creation of conditions for the application of the "single window"  principle will allow the exchange of information only once.

It is also planned to implement measures for the effective management  of public finances, including the introduction of an effective system  of managing credit and grant programs and public debt. The  implementation of these measures will ensure the financial  sustainability of the country.

The government intends to direct borrowed funds to develop human  capital and infrastructures in order to further increase export  volumes and create additional opportunities for economic growth. To  this end, it is envisaged to introduce a fair and transparent public  procurement system, which eliminates conflicts of interest.  Employment of citizens in the civil service will be based on  knowledge and merit.

The executive body also intends to switch to a policy of strategic  planning and a model of policy formation based on facts and data  analysis. It is also envisaged to provide a safer environment for the  population and consumers, to protect the interests of consumers  through inspection bodies. In this regard, it is extremely important  to balance the legitimate interests and rights of the state, society  and economic entities through the introduction of new, modern methods  of enhancing the responsibility and transparency of supervisory  authorities.  At the same time, state supervision should not imply  unnecessary interference with the activities of economic operators;  it is intended to help create a predictable and competitive business  environment. In this regard, it is extremely important to simplify  and modernize the system of regulations in certain areas, as well as  to introduce efficient appeal mechanisms.