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Armenia To Overcome Global Crisis First: Davtyan

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  • Armenia To Overcome Global Crisis First: Davtyan

    ARMENIA TO OVERCOME GLOBAL CRISIS FIRST: DAVTYAN

    news.am
    Nov 19 2009
    Armenia

    Armenia will be first to overcome consequences of global crisis and
    restore its economy, RA Finance Minister Tigran Davtyan said speaking
    at the National Assembly.

    According to him, Armenia was hit by global crisis later than other
    states and will be capable to overcome it faster, despite the heaviest
    economic slump rate registered in the country. "However, the economic
    recession rate is a technical indicator that reflects only technical
    aspect of the situation," Minister said, adding that irregardless
    the crisis, the two-digit wage raise was recorded in Armenia in 2009.

    Tonight, November 19, RA National Assembly special session aimed at
    summarizing the discussions on 2010 draft budget will take place.
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