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The Armenian government is interested in the development and expansion of the private sector in particular through increased investment in telecommunications, Prime Minister Karen Karapetyan said today while hosting a delegation led by Jean-Yves Charlier, Chief Executive Officer of VEON Group.

The top Armenian official suggested paying greater attention to education, and thereby contributing to the development of highly qualified specialists for their businesses, the government’s press service reported.

The premier added that the state is keen to promote cooperation between the business community and the system of education. He expressed confidence that it will help tap the potential available in information technologies and telecommunications.

“At today’s Cabinet meeting, we made amendments to tax and customs administration-related laws, which provide crucial regulations for foreign investors. We are convinced that the business will appreciate the proposed amendments. The government is ready to respond to any problem emerging in business. We also plan further activities to develop the public-private sector partnership,” Karen Karapetyan emphasized.

Jean-Yves Charlier agreed on the importance of educational programs and noted that VEON is planning to continue implementing investment programs in Armenia. He advised that the 2018 action plan for Armenia has already been prepared.