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TBILISI: Prospects For Armenia's Economy

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  • TBILISI: Prospects For Armenia's Economy

    PROSPECTS FOR ARMENIA'S ECONOMY
    By Messenger Staff

    The Messenger
    Nov 3 2010
    Georgia

    Armenian businesses depend largely on imported raw materials, it is
    therefore worth introducing innovative technologies in the country
    that are compatible with the worldwide consumer market, stated
    Dominique Burton, Director General of consulting company McKinsey &
    Company during a press conference in Yerevan on October 30. Burton
    mentioned that according to compatibility Armenia is rated 97th in
    the world; however it has well-qualified personnel and is capable
    of improving its situation in chosen priority areas. To enter world
    markets however, it should also develop its infrastructure and combat
    the extremely high level of corruption in the country. The consultant
    also recommended the country invest in the areas of agriculture and
    food processing in addition to their healthcare system, water supply,
    education and high technology.




    From: A. Papazian
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