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Armenian Government Undertakes Measures To Overcome Consequences Of

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  • Armenian Government Undertakes Measures To Overcome Consequences Of

    ARMENIAN GOVERNMENT UNDERTAKES MEASURES TO OVERCOME CONSEQUENCES OF FINANCIAL-ECONOMIC CRISIS

    Noyan Tapan
    http://www.nt.am?shownews=1010244
    Dec 4, 2008

    YEREVAN, DECEMBER 4, NOYAN TAPAN. Within the frame of work to overcome
    the negative consequences of the global financial-economic crisis,
    instructions were given to all the ministries, departments and regional
    administrations, as well as a request-proposal was submitted to the
    National Academy of Sciences so that the indicated structures will
    present proposals on business development, and indentify the current
    economic potential and programs which can be implemented with the
    government's assistance. The RA prime minister Tigran Sargsyan stated
    this at the December 4 sitting of the government. A commission was
    set up to coordinate this work. The commission is headed by the
    prime minister.

    According to T. Sargsyan, all the departments and ministries were
    instructed to summarize the proposals received from the private
    sector. The proposals will have two directions: one is that enterprises
    should have skilful and well-trained management that will present
    definite programs with the desription of all existing difficulties
    and the proposals on how the state can help these enterprises overcome
    the difficulties. The second direction is that if an enterprise lacks
    the respective level of management, the state should help it develop
    and implement business programs. In this connection, as the prime
    minister said, the participation of the state in such enterprises
    is no ruled out, thanks to which the state will get some levers for
    efficient implementation of the indicated programs.

    "That is, all the instruments we propose are very flexible and
    multiform. We expect the private sector to also make efforts for
    getting prepared to overcome all the negative consequences, while
    the state has enough opportunities and resources to help them,"
    T. Sargsyan said.
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