YEREVAN. – An entire ministry will deal with business issues and assistance matters, Prime Minister Karen Karapetyan said at Thursday’s Cabinet session.

He noted this while presenting the changes to be made within the government makeup and its activities. Accordingly, the Ministry of Economy will be renamed the Ministry of Investments and Entrepreneurship Assistance.

Speaking about the logic behind these changes, Karapetyan said, however, that even though the word “economy” will no longer be in the name of this ministry, it will be within its capacity. 

“With the new name we wish to show investors that they have a department [in Armenia], where they can submit their complaints, wishes, recommendations,” added Karapetyan. “This ministry will also help entrepreneurs go through all necessary institutions, so they don’t encounter any obstacles.”