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RA President: I Don't Think That Crisis Is Fatal

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  • RA President: I Don't Think That Crisis Is Fatal

    RA PRESIDENT: I DON'T THINK THAT CRISIS IS FATAL

    PanARMENIAN.Net
    10.04.2009 10:44 GMT+04:00

    /PanARMENIAN.Net/ The economic crisis spread over Armenia as well. But
    here it has acquired a specific character, Armenian President said.

    "In fact, two thirds of Armenians live abroad and render financial
    assistance to their kin in Armenia. As result of the crisis, foreign
    transfers have decreased," Serzh Sargsyansaid in an interview with
    Vesti 24.

    Asked about the government's anti-crisis plan, President Sargsyan said
    that it hardly differs from the plans developed by other states. "Of
    course, we have less opportunities that the United States, Europe or
    Russia but we will try to support our manufacturers. We seek loans
    from international structures and I would like to thank Russia for
    the stabilization loan which will help create job opportunities and
    launch social projects," he said.

    "Crisis is not fatal. It not only causes problems but also offers
    new opportunities," he said.
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