Основы совершенствования институциональных и экономических механизмов привлечения иностранных инвестиций / Fundamentals of improving institutional and economic mechanisms for attracting foreign investment

The article is devoted to the improvement of institutional and economic mechanisms of foreign direct investment. The availability of investments and their proper use make it possible to ensure competitiveness, formation of future profitability of enterprises and increase their prices. Refusing to attract investments means giving up future profits. Currently, improving the internal institutional environment is a very important area of increasing the investment attractiveness of the Republic of Armenia. Among the main problems that hinder the effective attraction of FDI to the Republic of Armenia are an unfavorable institutional environment for doing business (high bureaucratic obstacles and level of corruption, low level of protection of property and intellectual property rights, imperfection of investment legislation, non-transparency of the judicial system, etc.), as well as a low level of market development of institutions (low share of private property, excessive state intervention in the activities of economic entities, etc.).