ArmInfo. Over the year, Armenia improved its position by 13 points in the ranking of The Index of Economic Freedom of The Heritage Foundation research center, which is held in conjunction with the business publication The Wall Street Journal.
Thus, according to the Government of Armenia, Armenia took the 34th position among 180 countries of the world, against the 47th year earlier. Thus, according to a study by The Heritage Foundation, the rating is "Countries with a predominantly free economy". "In terms of this indicator, Armenia leads among the EAEU countries, in addition, the country's total score exceeds the average regional and world indicators," the source noted.
In this regard, the Prime Minister of Armenia Nikol Pashinyan noted that the Armenian economy is becoming increasingly free, which is the main means of stimulating investment. <Against the backdrop of the coronavirus crisis, this news is not so relevant, but I am glad that the international community notes the profound changes that are taking place in the economic environment of Armenia. We must overcome the coronavirus crisis and return to the process of building our well-being>, he said.
It should be noted that among the EAEU countries, Kazakhstan took the 39th position in the ranking, Kyrgyzstan - 81st, Belarus - 88th, Russia 94th; countries neighboring Armenia ranked in the following order: Georgia - 12th position, Azerbaijan - 44th, Turkey - 71st and Islamic Republic of Iran - 164th; post- Soviet countries: Moldova - 87th position, Uzbekistan - 114th, Ukraine - 134th, Tajikistan - 155th, and Turkmenistan - 170th. Note that the Index of Economic Freedom (Index of economic freedom) is a combined indicator and its accompanying rating, assessing the level of economic freedom in the countries of the world. It is published by The Heritage Foundation, an American research center, in conjunction with the business publication The Wall Street Journal. Fund experts define economic freedom as "the absence of government intervention or the obstruction of the production, distribution and consumption of goods and services, with the exception of the protection and support of freedom required by citizens>. An analysis of economic freedom has been carried out annually since 1995.
The Index of Economic Freedom is calculated using the arithmetic average of ten benchmarks: Property Rights, Freedom from Corruption, Fiscal Freedom, Government Participation, Freedom of ntrepreneurship, Freedom of Labor, Monetary Freedom, Freedom of Trade, Freedom of Investment and Financial Freedom.
