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November 15
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A Swiss multimillionaire is not interested in countries that are not included in top 20 of Global Competitiveness Index, the Executive Director of the Business Armenia Foundation Armen Avakian told reporters on Friday.

Asked to comment on Armenian position in Global Competitiveness Index, he said that Armenia has risen up compared to last year, but this is not enough to hope for an investment boom.

“A Swiss multimillionaire is not interested in countries that are not included in top 20,” Avakian said.

Armenia is ranked 70th in the Global Competitiveness Index (GCI) in 2018. The rating was headed by the USA, Singapore, Germany.

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