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PM: First Time in several last years that economy fell in January

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  • PM: First Time in several last years that economy fell in January

    Armenian premier: It is for the first time over several last years that
    economy falling was registered in Armenia in January

    2009-03-13 19:09:00


    ArmInfo. It is for the first time over several last years that economy
    falling was registered in Armenia in January, Armenian Prime Minister
    Tigran Sarkisyan told journalists.

    He also added naturally economy falling reflected indices of the tax
    revenues, which is connected with worsening of the export-import
    indexes. Unfortunately, the predictions on quick overcoming of the
    world financial crisis did not justify themselves. `Today we do not
    have a strict position on the matter when to expect ending of the world
    crisis', - the premier said and added that on the basis of assessments
    the restoration stage will begin at the end of 2009 and we have to wait
    for stable development of economy in 2010. As for Armenia, Sarkisyan
    mentioned the programmes which will be financed by international
    financial institutions. First of all, he means financing of the real
    sector of economy - road construction, agriculture investments,
    crediting of small and medium-sized business. A part of the Russian
    credit $500 mln will be directed to financing of programmes of small
    and medium-sized business, which will also lead to activation of
    economy. `We have to do everything possible to receive the funds as
    soon as possible. This will make it possible to start fulfillment of
    the programme as soon as possible', - Sarkisyan said.
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