Tweet
Three factors affecting Armenia's economy: Tigran Sargsyan
12:15 - 24.07.10
The most urgent issues Armenia is facing now are the ineffective
situation in the governing system, curruption risks and shadow
economy, Armenia's Prime Minister Tigran Sargsyan said at an interview
with local Armenian media sources.
According to Sargsyan the Government does not avoid speaking about
those issues and tries to find solutions to them.
Speaking about economic growth Sargsyan pointed to three factors that
affect it.
Firstly, it is the situation in the world economy. Beginning from the
last semester of 2009 some recovery trends could be seen in the world
economy which positively affects Armenia's economy. Besides, the
economic recovery in Russia also positively affects Armenia's economy.
"In so far as 120 enterprises with Russian capital are doing business
in Armenia, naturally, their financial standing, their relations with
their Russian colleagues have an essential impact on our economic
system," said Sargsyan.
The second factor, according to him, were the bail-out steps taken by
the Government.
"We knew that that policy would have its macro-economic impact on our
GDP, and that is what happened," underlined he.
According to Tigran Sargsyan the third one is the intra-state factor,
particularly, the behavioral rules of Armenian economic agents, their
expectations, and the investment conduct, which in turn positively
affect Armenia's economy for the last six months.
"We state that there is economic activity due to which we have levied
about 35b AMD in taxes than planned. That is already a tangible
achievement, which means that our macroeconomic stability it being
sustained, and the state can implement all its liabilities."
Tert.am
From: A. Papazian
12:15 - 24.07.10
The most urgent issues Armenia is facing now are the ineffective
situation in the governing system, curruption risks and shadow
economy, Armenia's Prime Minister Tigran Sargsyan said at an interview
with local Armenian media sources.
According to Sargsyan the Government does not avoid speaking about
those issues and tries to find solutions to them.
Speaking about economic growth Sargsyan pointed to three factors that
affect it.
Firstly, it is the situation in the world economy. Beginning from the
last semester of 2009 some recovery trends could be seen in the world
economy which positively affects Armenia's economy. Besides, the
economic recovery in Russia also positively affects Armenia's economy.
"In so far as 120 enterprises with Russian capital are doing business
in Armenia, naturally, their financial standing, their relations with
their Russian colleagues have an essential impact on our economic
system," said Sargsyan.
The second factor, according to him, were the bail-out steps taken by
the Government.
"We knew that that policy would have its macro-economic impact on our
GDP, and that is what happened," underlined he.
According to Tigran Sargsyan the third one is the intra-state factor,
particularly, the behavioral rules of Armenian economic agents, their
expectations, and the investment conduct, which in turn positively
affect Armenia's economy for the last six months.
"We state that there is economic activity due to which we have levied
about 35b AMD in taxes than planned. That is already a tangible
achievement, which means that our macroeconomic stability it being
sustained, and the state can implement all its liabilities."
Tert.am
From: A. Papazian