A liberal foreign investment law was approved in June 1994, and a law on privatisation was adopted in 1997, as well as a program of state property privatisation. Continued progress will depend on the ability of the government to strengthen its macroeconomic management, including increasing revenue collection, improving the investment climate, and making strides against corruption. However, unemployment, which currently stands at around 15%, still remains a major problem due to the influx of thousands of refugees from the Karabakh conflict. COUNT 4
QSN1 What is the unemployment rate in Armenia? ANS1 15% QSN2 To what does Armenia attribute it's high unemployment rate? ANS2 refugees from the Karabakh conflict QSN3 When did Armenia establish a foreign investment law? ANS3 June 1994 QSN4 When did Armenia establish a law on privatisation? ANS4 1997