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INDUSTRY DRIVING FORCE OF ARMENIA'S ECONOMIC GROWTH
PanARMENIAN.Net
September 23, 2010 - 15:49 AMT 10:49 GMT
Chairman of the RA NA Standing Committee on Financial, Credit and
Budgetary Affairs Gagik Minasyan said that significant steps were taken
this year to reduce inflation and they will be continued next year.
Commenting on 7.7% inflation rate in January-August 2010, Minasyan
told a press conference that the inflation growth is reasoned by
an unfavorable agricultural year and problems in external markets,
including the grain market.
At the same time, he positively estimated the GDP indices over the
first eight months and labeled industry as the driving force of
economic growth.
Chairman of the RA NA Standing Committee on Economic Affairs Vardan
Ayvazyan said for his part that the export growth, which twice exceeded
the import growth, is the most positive index in Armenia's economy
in 2010.
He noted that he thoroughly studied 100 Steps program of the Armenian
National congress on overcoming the crisis, saying that many provisions
of the program coincide with those in the governmental program.
From: A. Papazian
PanARMENIAN.Net
September 23, 2010 - 15:49 AMT 10:49 GMT
Chairman of the RA NA Standing Committee on Financial, Credit and
Budgetary Affairs Gagik Minasyan said that significant steps were taken
this year to reduce inflation and they will be continued next year.
Commenting on 7.7% inflation rate in January-August 2010, Minasyan
told a press conference that the inflation growth is reasoned by
an unfavorable agricultural year and problems in external markets,
including the grain market.
At the same time, he positively estimated the GDP indices over the
first eight months and labeled industry as the driving force of
economic growth.
Chairman of the RA NA Standing Committee on Economic Affairs Vardan
Ayvazyan said for his part that the export growth, which twice exceeded
the import growth, is the most positive index in Armenia's economy
in 2010.
He noted that he thoroughly studied 100 Steps program of the Armenian
National congress on overcoming the crisis, saying that many provisions
of the program coincide with those in the governmental program.
From: A. Papazian