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Armenian Authorities Do Not Take Any Steps To Encourage Domestic Pro

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  • Armenian Authorities Do Not Take Any Steps To Encourage Domestic Pro

    ARMENIAN AUTHORITIES DO NOT TAKE ANY STEPS TO ENCOURAGE DOMESTIC PRODUCERS, FORMER CHAIRMAN OF CBA SAYS

    Noyan Tapan
    http://www.nt.am?shownews=1012022
    Feb 10, 2009

    YEREVAN, FEBRUARY 10, NOYAN TAPAN. The Armenian authorities do not
    take any steps to encourage domestic producers: out of the 122 issues
    on the agenda of the last four-day session of the National Assembly,
    none was related to domestic production. The former chairman of the
    Central Bank of Armenia (CBA) Bagrat Asatrian made this statement at
    the February 10 debate. In his words, good and bad laws are passed
    in all countries, but the majority of Armenian laws are bad.

    B. Asatrian considered the government's steps aimed at overcoming
    the financial and economic crisis as unsatisfactory as well. The
    greatest danger of this crisis is the expected growth of unempoyment,
    whereas, in his opinion, the authorities do not pay due attention to
    ensuring the population's employment. B. Asatrian noted that the use
    of stricter tax administration under the current hard conditions was
    an excessive measure, and it would be correct to wait for the end
    of the crisis. "Now the whole burden will lie on small and medium
    economic entities, taxi drivers, so the poor will suffer again,"
    the former chairman of CBA said.

    The other participant in the debate - member of the parliamentary
    "Prosperous Armenia Party" faction Vardan Bostanjian in his turn
    said that laws can be bad, but the reason is not the absence of the
    authorities' will.

    He admitted that favorable conditions have not been created for
    domestic producers so far, but the "sluggishness is not the absence
    of will".

    According to V. Bostanjian, he heard about the Armenian prime
    minister's anticrisis program on a Russian television channel and
    became convinced that it is invulnerable. "However, we have a right
    to doubt if it will be completely implemented," the deputy said.
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