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Armenian President Urges Local Businesses To Produce Globally Demand

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  • Armenian President Urges Local Businesses To Produce Globally Demand

    ARMENIAN PRESIDENT URGES LOCAL BUSINESSES TO PRODUCE GLOBALLY DEMANDED PRODUCES

    /ARKA/
    November 10, 2011
    YEREVAN

    YEREVAN, November 9. / ARKA /. Armenian president Serzh Sargsyan urged
    today local businesses to improve the quality of their produces to
    make them demanded worldwide as he addressed the sixth congress of
    the Union of Industrialists and Employers of Armenia.

    "We must seek to win new international markets and create products
    which will be in demand worldwide. Private entrepreneurship is
    relatively new in Armenia, and this is why we must strive to keep
    abreast with international business trends," Sargsyan said.

    According to him, the private sector is getting stronger with every
    year and the process should be tailored to the needs of modern
    citizens.

    "Our main task is to build a strong society with a steady economy,
    centred on our country fellows and their needs and capabilities
    and all components of our society, both private and public sectors,
    play an important role in this process," the president said.

    He said the congress provides a good opportunity to discuss what has
    been done and present future plans.

    "The entrepreneur takes risk to invest his talent, effort and money to
    create a business, new jobs and we must, in turn, to support their
    initiatives through the creation of a favourable environment for
    doing business, " said Sargsyan.

    Serzh Sargsyan said because of its geography Armenian private sector
    development and exports capabilities are restricted, but these
    difficulties should not be intimidating.

    Arsen Ghazarian, the chairman of the Union of Industrialists and
    Employers of Armenia, said its major goal is to contribute to the
    development of private entrepreneurship in Armenia in collaboration
    with international companies and organizations.

    "Over 15 years we have shaped a professional group of entrepreneurs
    who run their businesses in compliance with best standards and are
    also socially responsible to their country fellows, " he said.

    He said doing business in Armenia is not an easy process, hindered
    by corruption, shadow economy, but added that a series of reforms
    are underway to facilitate business running.

    The congress was attended by representatives from the private sector
    and senior government officials. Among the invited guests was head
    of Ukraine's state-run oil and gas company Naftogaz Ukrainy Yevgeny
    Bakulin.

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