Armenian MP on adequacy of Armenian authorities 

ArmInfo.  At the plenary session of the National Assembly of the Republic of Armenia on June 19, NA deputy, member of the Alternative Projects group Elinar Vardanyan  raised the issue of the adequacy of the Armenian authorities.

"I have a question for you, are you adequate? Do you really not see  everything that is happening around Armenia? Are you adequate when  you speak from the rostrum of the National Assembly about the  nationalization of companies? I have no doubt that you will take this  step and take away Electric Networks of Armenia CJSC, just as I have  no doubt that one day you will take away the companies under the  control of entrepreneurs sitting in parliament. But you hardly  understand what kind of blow you are putting your current and future  investments under," the deputy said, pointing to the presence of a  number of factors that are prevalent for any investor: stability,  predictability, a trustworthy legal system.

"When the ruling force, in unison with the threats of the head of  government, only nods its head, declaring the need to nationalize the  networks, it becomes clear to almost all investors that it is  impossible to predict anything in this country, and even more so, it  is impossible to claim stability in the country. When an investor  turns towards Armenia, he cannot help but pay attention to the fact  that the country's legal system is guided by the orders of the head  of state, and, as a result, this indicates the absence of any legal  guarantees for him," the MP emphasized.

She also drew attention to the problems with Armenian cargo in  Georgia, where they decide in their own way whether to allow this or  that cargo to pass through or not. Vardanyan noted that the  authorities present the passage of several dozen Armenian vehicles  into the territory of the neighboring state as a great achievement.

"Just tell me, how can we expect an influx of investments in such a  situation? In fact, the statistics themselves indicate their  reduction. If in 2023 the volume of direct foreign investments  amounted to $584 million, then a year later they decreased more than  three times, amounting to $138.5 million. This suggests that  investors have more than serious concerns in relations with the  country's authorities," the parliamentarian emphasized, adding that  any investor, before deciding to come to Armenia, having studied only  the Facebook posts of the head of government, will understand that we  are talking about a frivolous state.

Meanwhile, as the MP noted, in the context of more than serious  geopolitical processes, the country's authorities are deciding the  issue of celibacy with candles in their hands. "At one time, the  current prime minister had a more or less competent legal assistant.  Today, he is gone, but is it really impossible to find one competent  person who would recommend that you avoid making incomprehensible  posts on social networks, since tomorrow you will be held accountable  for them in accordance with current legislation," Vardanyan summed  up.