The Government has large authority, President said

President stated this in New York, during his speech at Armenia Investment Forum-2016.

He said that the goal of the reforms is to make investment environment more attractive both for local and foreign investors.

“We view the involvement of foreign investors as an important aspect in boosting the Armenian economy. Consequently, we are committed to also provide pilot legislative solutions for large investors, wishing to use Armenia’s current and future opportunities as a gate to the main markets of the region,” Serzh Sargsyan said.

President of Armenia reminded that Armenia will soon make a transition from semi-presidential system to parliamentary system of governance.

“This initiative was also conditioned by economic reasons; we think that parliamentary model of governance will be the most efficient for our country from the point of economy as well,” President said.