Armenia has the highest economic freedom among CIS countries according to Heritage Foundation

According to research conducted by an American institution, the Heritage Foundation, Armenia has progressed in terms of economic freedom and holds 38th position out of 177 in 2012. The country has been placed ahead of all CIS countries.

The level of freedom of the Armenian economy is estimated at 69.4 points.

In the European region, consisting of 43 countries, Armenia holds 17th position in terms of economic freedom.

The Index of Economic Freedom 2013 is headed by four countries of the Asia-Pacific region - Hong Kong (89.3 points), Singapore (88 points), Australia (82.6 points) and New Zealand (81.4 points). Switzerland is in fourth position with 81 points.

Georgia holds 21st place and is leader in its region. Azerbaijan was given 88th place, Russia - 139th.

The Prime Minister of Armenia, Tigran Sargsyan, said that the good figures of economic freedom will contribute to attracting more foreign investors to the country, Arka reports.

Adapted from: Vestnik Kavkaza