A PYMNTS Company

Armenia: Nation must rethink competitive strategy while leaving financial crisis

By  |  November 21, 2013

As Armenia begins to emerge from the 2008 global financial crisis, a new report by the World Bank Group is suggesting the nation must rethink its economic strategy and focus on strengthening internal competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Its report, “Accumulation, Competition and Competitiveness,” promotes the job creation agenda by suggesting Armenia must encourage domestic competition, which the World Bank Group said in its report is of “crucial importance.”

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    ”Pro-competition sectoral reforms and effective implementation of antitrust rules can lead to significant productivity gains and consumer savings,” the report said.

    Armenia, like much of the world, suffered great job losses following the financial crisis; the struggle lead to a loss in investor confidence, according to reports.

    Full Content: World Bank

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.