Armenia's progress in the 19th annual Index of Economic Freedom released by The Heritage Foundation and The Wall Street Journal means significant improvement of the business environment in the country. It is of high importance for deeper economic reforms, Prime Minister Tigran Sargsyan said commenting on 2013 Index of Economic Freedom at the government, Thursday.
The prime minister said that improvement of Armenia's positions inspires with optimism and makes the country more attractive to foreign investors. He said that in 2013 the government will work hard and fruitfully on the basis of the past year's achievements.
To recall, Armenia's score in the index of economic freedom is 69.4 (up 0.6 points). Ranking the 38th Armenia is among "moderately free" countries. Georgia has the best index in the Caucasus - 21st. It is among the "mostly free" countries. Azerbaijan's score is 59.7 (up 0,8 points), but it is still among "mostly unfree" countries. Russia is in the same category with 51.1 (up 0.6points) - 139th. Turkey is the 69th with 62.9 points (up 0.4 points) and is among "moderately free" countries like Armenia. As for Iran, its score is 43.2 (up 0.9 points). The country is the 168th and among the "repressed" countries.