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Armenian Industrial Giants Were Prepared For Transition To Floating

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  • Armenian Industrial Giants Were Prepared For Transition To Floating

    ARMENIAN INDUSTRIAL GIANTS WERE PREPARED FOR TRANSITION TO FLOATING RATE

    PanARMENIAN.Net
    04.03.2009 22:52 GMT+04:00

    /PanARMENIAN.Net/ Armenia's industrial giants were ready for the
    transfer to the floating exchange rate policy and were forming their
    activity programs accordingly, RA Prime Minister Tigran Sargsyan
    stated.

    The country's government support to entrepreneurs providing means
    for overcoming temporary difficulties. "The preference is given to
    the companies offering multiple job opportunities, with significant
    export potential and good market for their production," he stated,
    adding that the situation room has been set up to consider dozens of
    business programs and their possible financing.

    Commenting on current economic situation, Sargsyan noted that he is
    rather optimistic about the future, citing statements of WB experts
    on the positive aspects of Armenian economy, conditioned by effective
    of macroeconomic policy , low external debt and financial sector
    stability.
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