While Armenia has the relevant policies and measures in place, there is potential for improvement. Attention should be given to increasing the robustness of its policy goals and commitments.
Among the three EIRA risk areas, breach of state obligations and discrimination between foreign and domestic investors are lower compared to unpredictable policy and regulatory change.
Armenia’s performance against EIRA’s four indicators is good. It has received 82 points on the indicator rule of law. On regulatory environment and investment conditions it has retained a very good score of 81. Management of decision-making processes is once again at 70 points. The performance on foresight of policy and regulatory change has improved by a point and stands at 63.
On a more detailed level, Armenia’s overall sub-indicator performance is good. The highest scoring sub-indicator is restrictions on FDI with 90 points. It is followed by transparency and respect for property rights, both with 83 points. On communication of vision and policies (82), it has retained the score from last year. The sub-indicator management and settlement of investor-State disputes is at 80. The scores for regulatory effectiveness (72) and institutional governance (56) are the same as in 2018. Robustness of policy goals and commitments is the lowest scoring sub-indicator though it has improved from 41 to 44 points.