LYCOS RETRIEVER 
Armenia: Governments
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The Government of Armenia has imposed performance requirements for investors as part of privatization agreements, especially for the privatization of large state assets like mines or the telecommunications network. There are no performance requirements for de novo investment.
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In 2000, IFES began a major project to empower the citizens of Armenia. Its objective was to increase citizen participation in governance by encouraging civic initiatives and advocacy. By providing training and information, IFES worked with local community groups to improve their ability to organize their members, articulate their group concerns, and communicate them to local government. In this way, the project promoted more responsive and transparent behavior on the part of government.
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Corruption remains an obstacle to U.S. investment in Armenia. The Armenian Government introduced a number of reforms during the last four years, including the simplification of licensing procedures, civil service reform, the introduction of a new criminal code, privatization in the energy sector, and dissemination of laws and regulations in an effort to combat corruption. Despite these reforms, corruption remains a problem in critical areas such as the judiciary, tax and customs operations, health, education and law enforcement. Petty corruption is widespread throughout society.
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Karolien Bais, P + Magazine, - Armenia urgently needs to revive its economy, but due to the political instability foreign investors are reluctant to enter into contracts. To make investments in Armenia a less risky business, the governments of the Netherlands and Armenia last week have signed an Agreement on Encouragement and Protection of Investment.
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