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Serzh Sargsyan: Crisis In Armenia Has Some Peculiarities

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  • Serzh Sargsyan: Crisis In Armenia Has Some Peculiarities

    SERZH SARGSYAN: CRISIS IN ARMENIA HAS SOME PECULIARITIES

    12:01 10/04/2009
    Source: Panorama.am


    World financial-economic crisis has had its impact on Armenia, but
    with some peculiarities, said the President of Armenia Serzh Sargsyan
    in his interview given to Russian `Vesti'. Regarding the reporter's
    question on the financial crisis and its impact on Armenia the
    President said that there is a huge Armenian Diaspora as two third of
    Armenians leave abroad. The number of transfers in the USA, Europe and
    Russia has been significantly reduced which the Armenians living
    abroad used to send to their relatives. And the second, people who
    were working, for example, in Russia stayed at hope because of mass
    unemployment everywhere. To the question what the `peculiarities' of
    Armenian anti-crisis strategy are the President answered: `I don't
    think that our anti-crisis strategy differs from the strategies of
    other countries. Of course, we have limited opportunities to use if
    compared with the U.S., Europe or Russia. But we are trying to support
    the national producers, those whose profit has been reduced but they
    should run their businesses.'
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