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According To Vardan Aivazian, Absence Of Securities Market Is Armeni

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  • According To Vardan Aivazian, Absence Of Securities Market Is Armeni

    ACCORDING TO VARDAN AIVAZIAN, ABSENCE OF SECURITIES MARKET IS ARMENIA'S ADVANTAGE IN CONDITIONS OF FINANCIAL AND ECONOMIC CRISIS

    Noyan Tapan
    http://www.nt.am?shownews=1011814
    Feb 3, 2009

    YEREVAN, FEBRUARY 3, NOYAN TAPAN. The coordinated actions of various
    branches of power in the conditions of the global financial and
    economic crisis are a regularity, especially in the sphere of economic
    control. The chairman of the National Assembly Standing Committee
    on Economic Issues Vardan Aivazian expressed this opinion during
    the February 3 press conference. According to him, Armenia has both
    advantages and disadvantages in terms of overcoming the crisis. In
    his opinion, the main advantage is in the absence of the market of
    securities: these markets are the first to crash around the world. In
    his words, the first damage done to Armenia by the crisis will make
    itself felt in the sphere of commodity turnover.

    V. Aivazian said the anticrisis commission adjunct to the government
    considers light and chemical industries, agriculture, construction
    and the sector of services as priority ones. He underlined that the
    commission tries its best to prevent a decline of growth rates in
    the indicated sectors.

    V. Aivazian stated that Armenia expects Russia to provide a credit
    of 200 thousand up to a billion dollars, but he did not say when this
    credit will be received.
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