In an interview to Lragir.am Artak Manukyan, Economist and Procurement Expert of Transparency International Anticorruption Center thinks that foreign politicians’ statements on corruption mechanisms and monopolies have also political subtext, calling the authorities to take steps. If reforms are not properly carried out, and the projects for that purpose are not effectively implemented, such projects might be stopped. Concept on Investment Policy of the Republic of Armenia is put into circulation. The important result of the Concept is increase in foreign investment. Today mostly offshore investments are made in mining sector. It is not clear yet whether or not the same Armenian companies are refunded from offshore zones. Prices are the most important competitive incentive. If there is no competition regarding prices the investment concepts will stay on paper. Favorable investment climate first of all means promotion of local products, whereas Armenia does not produce anything else but agricultural products. It is mining products, not intellectual capital that occupy the first place in our exports.

Financial resources allocated by USA and EU are wasted due to corruption, while possible political dividends to counterbalance Russian economy fail. As a result, Armenia’s economy fails to be competitive, market economy principles are not adopted, on the contrary, dependence from Russian companies is increased. Armenia’s strategic partner Russia fails to assist in projects intended for activation of Armenia’s economy. It does not allocate resources for free, it either grants loans or is involved in assets-for-debt deal.