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Diaspora Leader Concerned About Prospects For Armenian Economy

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  • Diaspora Leader Concerned About Prospects For Armenian Economy

    DIASPORA LEADER CONCERNED ABOUT PROSPECTS FOR ARMENIAN ECONOMY

    Mediamax
    Oct 17 2008
    Armenia

    Yerevan, 17 October: President of the Union of Russia's Armenians (URA)
    and the World Armenian Congress (WAC) Ara Abramyan expressed concern
    today in connection with the possible influence of the international
    financial crisis on Armenia.

    Mediamax reports that, speaking at a news conference in Yerevan today,
    he stated that the crisis, which has hit the USA and EU countries,
    may not avoid influencing Armenia.

    "We should pay more attention and make more efforts, since the
    situation is really complex," Abramyan stated.

    URA and WAC president admitted that as to many issues he is not
    concordant with the policy, realized by Armenian authorities, and is
    not content by the economic situation in Armenia. He spoke for stirring
    up the process of attracting foreign and Russian investments into
    the Armenian economy and expressed readiness to invest 150m dollars
    and create new jobs. In particular, he meant the construction of a
    hotel in Yerevan and a cannery in Vayots Dzor marz.
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