Institutional Transformations in the System of Natural Monopoly of the Republic of Armenia
The article focuses on the issues of institutional transformation ensuring the transition from a planned economic system to a market economy, especially in the field of natural monopolies, which is most in demand, since the institutions of administration of the former economic system operating in this sphere practically do not exist in the new conditions. In this context, the author pays special attention to the transformation of private property and the legislative framework, without which improvement can not, in a civilized way, ensure the functioning of the tax system and attract foreign investment. Based on the general analysis of the article, some recommendations have been made that can contribute to increasing the efficiency of activities in the field of natural monopolies.