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EURASEC ANTI-CRISIS FUND MEETING MIGHT BE STARTING POINT FOR ARMENIAN NAIRIT FEASIBILITY STUDY
by Aram Gareginyan
news.am
Nov 18 2011
Armenia
YEREVAN. - Armenian News - NEWS.am offers exclusive interview with
the Head of the Eurasian Development Bank (EDB) representation in
Armenia Sergey Yelizarov.
Is the supporting documentation for Nairit's application to EurAsEC
Anti-Crisis Fund ready: feasibility studies, environmental action plan,
marketing strategy of the industry?
I reckon it is yet untimely to speak about the need to start a
full-fledged work on the documents. Investment project on Nairit
must first be approved by the Board of ACF. In the case of a positive
decision we will come up with a schedule, including, inter alia, the
preparation and submission of documentation. Therefore, next meeting
of ACF Council might be the starting point for work on these documents.
How would you estimate Armenia's economic index - Draft of State
Budget for 2012, dynamics of state debt, inflation, and current state
of economy?
Overall picture of macroeconomic situation in Armenia tends to
be stable: indexes for inflation (5.7 percent in October 2012 in
relation to the same period of last year), increase in GDP (5 percent
for January-September 2012 in relation to same period of last year)
and ratio of external debt to GDP (4 percent for September 2010).
Persistence of such trends may favorably affect the increase in tax
revenue and, consequently, the growth of budget revenues and reduction
of its deficit.
Which sectors have the have the greatest potential of development in
Armenia in near future?
In my opinion, the mining industry and agriculture would be called
most perspective.
These sectors may have a significant impact on improving the
economic situation in the country. Development of infrastructure and
transportation, as well as further improving the investment climate
in the country should contribute to these sectors.
by Aram Gareginyan
news.am
Nov 18 2011
Armenia
YEREVAN. - Armenian News - NEWS.am offers exclusive interview with
the Head of the Eurasian Development Bank (EDB) representation in
Armenia Sergey Yelizarov.
Is the supporting documentation for Nairit's application to EurAsEC
Anti-Crisis Fund ready: feasibility studies, environmental action plan,
marketing strategy of the industry?
I reckon it is yet untimely to speak about the need to start a
full-fledged work on the documents. Investment project on Nairit
must first be approved by the Board of ACF. In the case of a positive
decision we will come up with a schedule, including, inter alia, the
preparation and submission of documentation. Therefore, next meeting
of ACF Council might be the starting point for work on these documents.
How would you estimate Armenia's economic index - Draft of State
Budget for 2012, dynamics of state debt, inflation, and current state
of economy?
Overall picture of macroeconomic situation in Armenia tends to
be stable: indexes for inflation (5.7 percent in October 2012 in
relation to the same period of last year), increase in GDP (5 percent
for January-September 2012 in relation to same period of last year)
and ratio of external debt to GDP (4 percent for September 2010).
Persistence of such trends may favorably affect the increase in tax
revenue and, consequently, the growth of budget revenues and reduction
of its deficit.
Which sectors have the have the greatest potential of development in
Armenia in near future?
In my opinion, the mining industry and agriculture would be called
most perspective.
These sectors may have a significant impact on improving the
economic situation in the country. Development of infrastructure and
transportation, as well as further improving the investment climate
in the country should contribute to these sectors.