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BAKU: Stagnation predicted in Armenia

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  • BAKU: Stagnation predicted in Armenia

    Assa-Irada, Azerbaijan
    Jan 14 2005

    Stagnation predicted in Armenia


    Considering Armenia's geo-political position and problems related to
    its economic growth, the country's future remains questionable for
    Armenians. Therefore,
    Armenian NGOs started implementation of the `Armenia-2020' project in
    2002.
    The results of the project will be published in a book in Armenian,
    Russian and English languages shortly.
    The project coordinator Ardashesh Kazagetsyan told local media that
    according to the project, only an insignificant part of people
    involved in the project believe in economic progress in Armenia in 20
    years.
    `The majority of participants believe the situation in Armenia will
    be the same or even deteriorate in 20 years, which is scary.'
    Kazabetsyan stated that the project was participated in by 1,000
    representatives of Armenia and 500 from the Armenian Diaspora in
    foreign countries. The participants were from different regions and
    with various occupations, he said.
    Kazabetsyan continued that the project was valued at $2 million,
    which was funded by wealthy Armenians living abroad. One part of the
    project was prepared in Armenia and the other three parts in the
    United States.*
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