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ARMENIA WON'T UNDERGO ANY MAJOR SHOCK IN CASE OF THE POSSIBLE SECOND WAVE OF THE CRISIS, WB REPRESENTATIVES THINKS
Mediamax
Oct 18 2011
Armenia
Yerevan/Mediamax/. "Armenia- Review of State Expenditures:
Tax-Budgetary Consolidation and Resumption", report of the World Bank
(WB), was presented in Yerevan today.
WB representative Yvonne Tsikata stated in Yerevan today that
Armenia's positions during the global economic crisis were rather
stable, Mediamax reports. According to her, it enabled the Armenian
government to import a fiscal package which allowed moderating the
impact that the crisis exerted on the country.
Yvonne Tsikata also said that "in case of the second possible wave
of the crisis Armenia will not undergo a major shock".
"In case of Armenia, metal mining production is mainly exported
to Russia and foreign investments come mainly from France and these
countries don't have any bad state budget indices. We may consequently
assume that Armenia won't have any serious problems in the trade
sector", she said.
From: A. Papazian
Mediamax
Oct 18 2011
Armenia
Yerevan/Mediamax/. "Armenia- Review of State Expenditures:
Tax-Budgetary Consolidation and Resumption", report of the World Bank
(WB), was presented in Yerevan today.
WB representative Yvonne Tsikata stated in Yerevan today that
Armenia's positions during the global economic crisis were rather
stable, Mediamax reports. According to her, it enabled the Armenian
government to import a fiscal package which allowed moderating the
impact that the crisis exerted on the country.
Yvonne Tsikata also said that "in case of the second possible wave
of the crisis Armenia will not undergo a major shock".
"In case of Armenia, metal mining production is mainly exported
to Russia and foreign investments come mainly from France and these
countries don't have any bad state budget indices. We may consequently
assume that Armenia won't have any serious problems in the trade
sector", she said.
From: A. Papazian