Tweet
STRONGER COMPETITION IN ARMENIA TO SPUR DOMESTIC MARKET DEVELOPMENT
Arka News Agency, Armenia
Dec 13 2006
YEREVAN, December 13. /ARKA/. Competition development in Armenia is
to have positive impact on domestic market, Chairman of the Central
Bank of Armenia Tigran Sargsyan, said Wednesday in Yerevan.
In his opinion, competition will ensure of country's economy
development.
He thinks there can't be room ineffective companies in Armenia, a
country with high economic growth. They should be weeded out giving
space for their more successful rivals. Sargsyan is convinced that
the country is badly in need of tough competition now, as never before.
The head of the bank views macroeconomic stability in the republic
as the second factor for economy development.
"Macroeconomic stability creates real prospects for further economic
growth", Sargsyan said. As other factors, he singled out low inflation,
floating currency exchange rate and relatively light foreign debt
burden.
Arka News Agency, Armenia
Dec 13 2006
YEREVAN, December 13. /ARKA/. Competition development in Armenia is
to have positive impact on domestic market, Chairman of the Central
Bank of Armenia Tigran Sargsyan, said Wednesday in Yerevan.
In his opinion, competition will ensure of country's economy
development.
He thinks there can't be room ineffective companies in Armenia, a
country with high economic growth. They should be weeded out giving
space for their more successful rivals. Sargsyan is convinced that
the country is badly in need of tough competition now, as never before.
The head of the bank views macroeconomic stability in the republic
as the second factor for economy development.
"Macroeconomic stability creates real prospects for further economic
growth", Sargsyan said. As other factors, he singled out low inflation,
floating currency exchange rate and relatively light foreign debt
burden.