Transparency is key for investment. Poland welcomes the democratic reforms of Armenian government

YEREVAN, JUNE 29, ARMENPRESS. Poland supports the democratic reforms implemented by the Armenian government, emphasizing that the transparency of the economic system has a key impact on the attractiveness of foreign investments in the country, ARMENPRESS reports, Wojciech Gerwel, Undersecretary of State at the Ministry of Foreign Affairs of Poland, said at the 7th session of the Armenian-Polish Intergovernmental Commission on Economic Cooperation held in Yerevan.

“According to Polish businesses, the stability and strength of democratic institutions, as well as the transparency of the economic system, have a key impact on the country's attractiveness as a destination for foreign investment. That is why Poland supports the democratic reforms implemented by Nikol Pashinyan's government," said Gerwel.

He said that Poland is ready to support the development of economic policies and accomplishment of institutions in the region, especially in such areas as macroeconomic management, fiscal administration, public finance management, etc.

"Poland is ready to start cooperation with Armenia within the framework of the tax solidarity program on the promotion of reforms and the exchange of experience. It offers Polish expertise and IT solutions aimed at combating tax evasion and reducing the shadow economy," said Gerwel.

He expressed confidence that the session of the commission will lead to new initiatives of economic cooperation between the countries.