"Reforms" in the business environment after the change of government

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It is no secret that the main reason for demanding a change of government in April-May, 2018, was the worsening social condition which still continues to serve the new government as the main “keeper” of their promises and "reforms". The Prime Minister and the Government continue their campaign for interpreting the positive changes in the economy - particularly the improvements in the business environment and new investments in the country - in a way suitable for them.  The economic indices are identified with economic terms, and their meanings are exaggerated and distorted.

Thus, the authorities note with great enthusiasm that the share of capital goods in import was 19.2% from January to September 2018 if compared to 14.8% for the same period in the last year while imports of production goods increased from $ 868.8 million to $ 1 billion 133.7 million. The approach to interpreting these numbers as the opportunity to develop manufacturing processes and increase the volume of export in the future is quite right.  However, the fact that these charming figures will be a new burden on the economy and that it will be a problem to come to grips with them in the future is not mentioned. Export gets reduced and overburdening the economy with capital and production goods does not translate into the promotion and growth of production. Also, it is not mentioned that these amounts of money are mostly directed to buying equipment for the Amulsar project which does not create extra value so far.  It should also be noted that the previous government incorporated capital equipment into the volumes of intermediate consumption goods, aiming to get the same promising perspective.  In fact, the policy has not been changed. And the fact that high technologies have been constantly evolving over the past few years, and that the new government is trying to partially ascribe that natural development to itself is obvious.

The indices of investments continue to be published, where it seems that indices for two different phenomena - capital investments and direct investments - are being identified as the same.  An increase is observed in the case of capital investments if compared to 2017, which is normal, and a decrease if compared to the previous quarter (under the new government).  But direct investments, which are usually given more importance, continue to decline compared to both the same period in the last year and the previous quarter.  The promises to exempt microbusiness from taxes are not kept as well.

Instead, cafés on central streets are dismantled, street trade is suspended, while the fair complaints from citizens are “washed away” with new promises.

As we can see, the government economic policy is now solely based on promises, which are smoothly followed by publicizing bare numbers and interpreting those numbers in a way desirable for the government.  Only cost reduction and optimization decisions are being made, and the fact that the promises made months ago can be kept only through implementing serious fundamental and qualitative changes in the economy (improvements in the tax and customs codes, national debt reduction, etc.) and excluding political processes from the economy continues to be ignored.

Համաձայն «Հեղինակային իրավունքի եւ հարակից իրավունքների մասին» օրենքի՝ լրատվական նյութերից քաղվածքների վերարտադրումը չպետք է բացահայտի լրատվական նյութի էական մասը: Կայքում լրատվական նյութերից քաղվածքներ վերարտադրելիս քաղվածքի վերնագրում լրատվական միջոցի անվանման նշումը պարտադիր է, նաեւ պարտադիր է կայքի ակտիվ հղումի տեղադրումը:

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