Armenia: Institutional Modernization to Improve the Business Environment

Sovereign Project | 42140-012 Status: Closed


Latest Project Documents

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Institutional Modernization to Improve the Business Environment
Project Number 42140-012
Country Armenia
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7414-ARM: Institutional Modernization to Improve the Business Environment
Technical Assistance Special Fund US$ 75,000.00
Republic of Korea e-Asia and Knowledge Partnership Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome The outcome has been fully achieved. 1. The TA assisted the Government of Armenia to develop an automated online business registry which has made it easier to start a business by establishing a one-stop shop and reforming and shortening procedures for registration of companies (except banking companies). This includes online company or business registration, title reservation, and obtaining a tax identification number. All process are now achieved within 3 to 5 working days. This has had a salutary effect on Armenia's business climate and the IFC and World Bank Doing Business survey 2013 noted that Armenia's ease of doing business' ranking rose to 32 from 50 a year ago. The TA also supported the Ministry of Justice (MOJ) to carry out a regulatory and legislative framework review for automating the business registry system, including support to carry out policy and business process reforms for e-governance. The TA is expected to be closed on 30 June 2013, after completion of two additional activities: (i) training of SRA and MOF staff, and (ii) financing of a multi-media public awareness campaign for the government, showcasing the refoms.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)




Completed. IT team in SRA maintains the system.

Extensive training completed.

Extensive training completed.

On the request of the government, the TA was extended to provide support for a public awareness campaign documenting and showcasing the reform process. A video is being produced for use by the government. Parts of this video will also be used by ADB (DER) to document the successful reforms in Armenia.

Geographical Location Armenia

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The TA was designed with complete participation of relevant stakeholders from the government as well as the international partners. The European Union, the US AID, and the World Bank have been involved and consulted in the development of the TA as well as its implementation.
During Project Implementation Regular contact with the officials of the Ministry of Justice, State Registry Agency, Ministry of Finance, TA consultants, and other donor partners to review progress of the TA.

Business Opportunities

Consulting Services All experts under the TA (a) international ICT business registry expert, (b) international IT quality assurance expert, and (c) 2 legal experts (1 international and 1 national expert) were engaged and have completed their services in a satisfactory manner and the government valued their inputs. The consultant team (Harmony Information Technologies and Education Development Fund, Armenia in joint venture with VX Soft Limited Liability Company, Ireland) has also completed its work on 31 January 2012.
Procurement Procurement of equipment and software have been completed through shopping method. All items will be returned to the executing agency after completion of the TA.

Responsible Staff

Responsible ADB Officer Grigor Gyurjyan
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Justice
Halabyan Street
Yerevan, Armania


Concept Clearance 30 Apr 2008
Fact Finding 06 Oct 2008 to 10 Oct 2008
Approval -
Last Review Mission -
PDS Creation Date 24 Oct 2008
Last PDS Update 17 Jun 2013

TA 7414-ARM

Approval Signing Date Effectivity Date Closing
Original Revised Actual
08 Dec 2009 30 Dec 2009 30 Dec 2009 31 Dec 2011 30 Jun 2013 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
75,000.00 500,000.00 25,000.00 0.00 0.00 0.00 600,000.00 08 Dec 2009 524,981.43

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.