The next initiative debated in the first reading stems from the commitment of the Government to improve the business environment, to create good conditions for the development of innovative organizations and the involvement of investments. The RA Acting Deputy Minister of Economy Rafayel Gevorgyan said, presenting the proposing amendments to the law on Joint Stock Companies. According to him, it is proposed to establish certain provisions regarding the types of Simple Agreement for Future Equity (SAFE).
According to the rapporteur, the SAFE is a form of simple agreement for future joint stock participation, by which the organizations will get an opportunity to involve financial means at the primary stage.
It was noted that the necessity of amendments stemmed from the private sector.
The member of the NA Standing Committee on Economic Affairs Hovik Aghazaryan presented the endorsement of the Committee. Emphasizing the initiative, the deputy noted that the amendments will have essential influence on the improvement of the investment atmosphere.
The issue was debated at March 19 NA sitting.