ArmInfo. An event dedicated to the official launch of the Armenia BRIDGE (Armenia Business Regulation for Investment, Digitalization, Growth, and Entrepreneurship) program was held in Yerevan. The program aims to improve the business and investment climate in Armenia, stimulate digitalization, and develop the private sector.
The program is funded by the European Union and will be implemented by the World Bank Group in collaboration with government partner agencies.
Participating in the event, Deputy Minister of Economy Aram Khachatryan emphasized the importance of improving the business environment, reducing the administrative burden and costs of economic entities, and effective cooperation between government agencies.
The Deputy Minister noted the need for direct private sector participation in the development of reforms and the practical implementation of adopted regulations. He also touched upon the upcoming work to ensure the implementation of the new Investment Law.
The event was attended by the Head of the EU Delegation to Armenia, Ambassador Vassilis Maragos, Head of the World Bank Country Office in Armenia Fabrizio Zarconi, high-ranking officials, representatives of international organizations, government agencies, and the business community.
According to information published on the EU Eastern Partnership website (https://euneighbourseast.eu/ ) The Armenia BRIDGE program supports the Armenian government in improving the country's business climate by modernizing key legal, regulatory, and institutional frameworks governing the establishment, operation, and liquidation of companies.
The program includes developing a modern company law, creating a data-driven digital registry of legal entities, reforming business licensing procedures, improving competition policy, and modernizing the investment legislative framework.
The program will be implemented until 2029 with a budget of €2.9 million.
