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Catastrophe To Begin In Armenia In 2013: Hrant Bagratyan On State Of

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  • Catastrophe To Begin In Armenia In 2013: Hrant Bagratyan On State Of

    CATASTROPHE TO BEGIN IN ARMENIA IN 2013: HRANT BAGRATYAN ON STATE OF THE ECONOMY

    Tert.am
    15:42 ~U 19.03.10

    Former prime minister of Armenia Hrant Bagratyan, speaking to
    journalists today, said that a 22% drop in the economy was registered
    in Armenia last year, though the statistical figure doesn't correspond
    to the facts.

    Bagratyan is convinced that instead of a decline this year, it's
    possible to register a level of zero (that is, no change), if
    "suddenly, fortunately, the entire government decides to go to work,
    there won't be room to move, but if they go to work, they do something,
    the drop can be a minus" (that is, there will be less of a decline
    in Armenia's economy).

    In Bagratyan's words, "The catastrophe will begin in Armenia from 2013,
    since the state has taken out absurd and short-sighted loans."

    The former prime minister is convinced that, in order to stabilize
    the economy, one must stimulate exports, and not imports.

    "More than half the economy is centralized in the hands of 10 rich
    people, who export serious capital, primarily buying real estate in
    countries abroad," he said, highlighting that some of those individuals
    are criminals, while others are the country's first- and second-level
    top officials.

    Bagratyan noted that the program "100 Steps," developed by the
    opposition, is directed at solving the country's problems, and if the
    government would like to make use of it, they can go ahead and do so.

    The Armenian National Congress is preparing to present this program,
    aimed at improving the local economy by making social and economic
    changes, to ambassadors in the near future. Those aren't abstract
    thoughts, said Bagratyan, referring to the program, they're specific
    measures that can be implemented.

    From: Emil Lazarian | Ararat NewsPress
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