Armenian government needs to create a truly free, competitive and fair business environment, Prime Minister Karen Karapetyan said in an interview with The Banker.

Asked about economic initiatives he has, PM outlined a few major topics.

“We are confident that our nation’s potential for creativeness and business acumen would allow our businesses to grow really fast in such an environment. In addition, if we send clear signals, then foreign investors would respond to that as well and would enter our market if they are comfortable with the rules of the game,” he said.

“Considering our current economic condition, we will stimulate the businesses, perhaps not in a very conventional way for the government. We are going to create funds that will be providing financing to different sectors, for example, the agriculture sector, IT, SMEs and so on.

We will create a center for strategic initiatives, where, with the involvement of talented private and public sector representatives, we will be discussing and developing long-term strategies, programs and reforms and, ultimately, deciding in which direction Armenia will be moving.

We need to create the most favorable and comfortable conditions for creative and hard-working individuals and we will demonstrate to them the horizons of our future, so that everyone engages in building that future. We want to show everyone the country of our dreams.”