Armenia needs profound change, and “we’re proposing the most rapid change that’s possible,” Prime Minister of Armenia Karen Karapetyan said in an interview with Bloomberg on Monday.

In particular, Karapetyan mentioned the measures to combat corruption by streamlining bureaucracy and a government fund to support enterprise.

In his words, “businesses shouldn’t be obstructed” by corrupt officials or by dominant rivals using political ties to restrict competition. “We will create an even, competitive, level playing field,” the Prime Minister said.

He also stressed that changes in the leadership of the customs service and in the Tax Code are contributing to the improvement of transparency, and he won’t allow dominant players to use “administrative support that isn’t available to others’’ to suppress competition. “No one is immune and no one is privileged,’’ he said.

Karapetyan also noted that he’ll form an advisory group including foreign specialists to “brainstorm how we can develop the country’’ for the long term. This concerns tax changes and support for businesses in areas such as health care, education and agriculture.

According to him, economic growth of 3.2 percent in 2017 won’t be enough to raise living standards significantly, Armenia’s foreign debt being $5.8 billion.

“We also have external debt growing faster than the GDP growth and growing faster than revenues,” he said.