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RA CB Chairman: Armenia Not To Be Able To Keep Present High Economy

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  • RA CB Chairman: Armenia Not To Be Able To Keep Present High Economy

    RA CB CHAIRMAN: ARMENIA NOT TO BE ABLE TO KEEP PRESENT HIGH ECONOMY RATES IF STRUCTURE OF REPUBLIC'S NATIONAL ECONOMY DOES NOT CHANGE

    Yerevan, December 20. ArmInfo. Armenia will not be able to keep the
    present high rates of economy if the structure of the Republic's
    national economy does not change, RA CB Chairman, Tigran Sarkissyan,
    said at today's Round Table devoted to the creation of a Center of
    productivity and competitiveness in the Republic.

    According to him, to qualitatively change the structure of the
    country's national economy, it is necessary, first of all, to accent
    the attention on the development of intellectual abilities of the
    nation. An army of managers, able to increase the productivity and
    competitiveness of the Armenian economy both in the home and foreign
    markets, should be created. The CB Chairman called up the businessmen
    to increase the level of knowledge and working skills as to regulate
    the modern production.

    By T. Sarkissyan's forecasts, many enterprises of Armenia will close
    within the next 5-7 years if they cannot organize the production of
    new more competitive goods and services. He supported the creation of
    more favorable conditions for the development of entrepreneurship and
    export. At the same time, T. Sarkissyan does not accept the proposals
    of some Armenian exporters to fix the Armenian dram to the American
    dollar as to avoid its further strengthening and, thus, reduce the
    profit from export. He noted that the dram is strengthening since
    the country's economy is growing.
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