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Armenian Prime Minister: Opening The Border With Turkey To Considera

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  • Armenian Prime Minister: Opening The Border With Turkey To Considera

    ARMENIAN PRIME MINISTER: OPENING THE BORDER WITH TURKEY TO CONSIDERABLY INCREASE INDEPENDENCE OF ARMENIA'S ECONOMY

    ArmInfo
    2009-06-05 15:26:00

    ArmInfo. "If Armenia has an alternative road for cargo carriages,
    this will considerably increase the independence of the country's
    economy",- Armenian Prime Minister Tigran Sargsyan said during the
    lecture "Tax-budget and monetary-credit policy of Armenia before the
    crisis and today", Friday, within the frames of lectures for young
    specialists "Crisis as an opportunity".

    According to him, at the moment Armenia depends on Georgian
    infrastructures to a great extent. "Two- thirds of Armenia's commodity
    turnover is carried out via Georgia and the dependence in this respect
    is an extremely negative factor, which is made advantage of by our
    neighbor",- Sargsyan said. He added that the delivery of cargo from
    any place to Batumi or Poti costs twice as less as from these ports
    to Armenia. "Certainly, if we have alternative ways, our independence
    will considerably grow, transaction costs will abruptly fall, and we'll
    make use of cheaper roads",- the prime minister stressed. With opening
    of an alternative road, the macro-environment in Armenia will change,
    many spheres will become more competitive, commodity turnover in the
    region and with European countries will activate, he said. "However,
    one shouldn't expect a miracle with the opening of the Armenian-Turkish
    border as time will be required because relevant enterprises should
    created and investments should be made",- Sargsyan said.

    Speaking of implementation of the project on construction of
    Iran-Armenia
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