Orange Armenia CEO Francis Gelibter has said that what really needs to be improved in Armenia in order to attract investments is stability and possibility to forecast.

Francis Gelibter stated it in an exclusive interview to Itel.am.

“Risk is everywhere but the investor should importantly be able to measure the risk. There should importantly be a legal system, so that when I have a difficulty, I apply and get an impartial decision. I know that public authorities are working on the improvement of tax and customs services, and I think it is very important for investment flow,” said the Orange Armenia CEO.

Touching upon talks with Ucom, Francis Gelibter clarified why he calls it a business deal and not a financial decision.

“Financial deal means you don’t care whether the deal is good or bad from the standpoint of the company development and all you care about is money. So, the decision of this deal was made based on what we can offer alone and what we will be able to offer if we partner,” he said.

According to Francis Gelibter Armenia is a relatively small country, and it’s not that Orange is receiving money that will make the Group poorer or richer.

“This is really a business decision made by business people for business matters,” he said.

Francis Gelibter’s full interview is available here.