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OSCE says Armenia's acting economic model vulnerable?
YEREVAN, March 9. /ARKA/. Though isolated from the global economic
system, Armenia's model of economy is rather vulnerable, Head of the
OSCE Yerevan Office Ambassador Sergey Kapinos said during last week's
conference Crisis: Russian and Armenian Versions.
`We should take for granted the Armenian government's efforts to
neutralize the negative impact of crisis,' Kapinos was quoted saying.
He stressed the importance of Armenia's efforts to open borders with
Turkey.
Touching upon the country's increasing dependence on private
remittances from Russia and imports dominating over exports, the
ambassador said: `Swelling, due to several factors, it is harming the
real sector of Armenia's economy.'
Summing up the current situation in Armenia, the ambassador said
Armenia's economy is making strides to boost industry and open new
employment opportunities in exporting countries, not in its own
country.`0--
YEREVAN, March 9. /ARKA/. Though isolated from the global economic
system, Armenia's model of economy is rather vulnerable, Head of the
OSCE Yerevan Office Ambassador Sergey Kapinos said during last week's
conference Crisis: Russian and Armenian Versions.
`We should take for granted the Armenian government's efforts to
neutralize the negative impact of crisis,' Kapinos was quoted saying.
He stressed the importance of Armenia's efforts to open borders with
Turkey.
Touching upon the country's increasing dependence on private
remittances from Russia and imports dominating over exports, the
ambassador said: `Swelling, due to several factors, it is harming the
real sector of Armenia's economy.'
Summing up the current situation in Armenia, the ambassador said
Armenia's economy is making strides to boost industry and open new
employment opportunities in exporting countries, not in its own
country.`0--