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PREMIER: ECONOMIC GROWTH IN ARMENIA EXPECTED TO COME CLOSE TO 5% THIS YEAR
/ARKA/
October 19, 2011
YEREVAN
YEREVAN, October 19. /ARKA/. Economic growth in Armenia is expected
to come close to 5% in 2011, Armenian Prime Minister Tigran Sargsyan
said Tuesday as met with his Russian counterpart Vladimir Putin in St.
Petersburg, the Armenian government's press office reported on
Wednesday.
The press office says that Armenia's economy is recovering in the
recent two years after the global crisis, and the country recorded 2%
economic growth in 2010.
Speaking about Armenian-Russian relations, Sargsyan said that they
are developing properly.
"Russian companies feel secure in Armenia," the press office quoted
him as saying. "Some 1,200 companies with Russian capital operate in
our country, and they are developing at satisfactory paces."
The Armenian premier said that export capacity of Russian companies
operating in Armenia was growing, and investments of Russian companies
with large capital have reached high profitability.
"I want to stress that our joint projects are successful - there are
no unsuccessful programs," he said.
Sargsyan thanked Russia's government and personally Putin for $500
million lent to Armenia in 2009 for lessening adverse consequences
of the crisis.
He said $250 million of this loan has been targeted for construction
in quake-stricken areas.
"These financial resources contributed to economic growth in Armenia,
since this money was spent for construction," he said.
The premier stressed also social significance of this support saying
"people moved from carriages and site huts to comfortable apartments".
He added that the remaining $250 million was targeted for extending
loans to companies which faced financial difficulties.
/ARKA/
October 19, 2011
YEREVAN
YEREVAN, October 19. /ARKA/. Economic growth in Armenia is expected
to come close to 5% in 2011, Armenian Prime Minister Tigran Sargsyan
said Tuesday as met with his Russian counterpart Vladimir Putin in St.
Petersburg, the Armenian government's press office reported on
Wednesday.
The press office says that Armenia's economy is recovering in the
recent two years after the global crisis, and the country recorded 2%
economic growth in 2010.
Speaking about Armenian-Russian relations, Sargsyan said that they
are developing properly.
"Russian companies feel secure in Armenia," the press office quoted
him as saying. "Some 1,200 companies with Russian capital operate in
our country, and they are developing at satisfactory paces."
The Armenian premier said that export capacity of Russian companies
operating in Armenia was growing, and investments of Russian companies
with large capital have reached high profitability.
"I want to stress that our joint projects are successful - there are
no unsuccessful programs," he said.
Sargsyan thanked Russia's government and personally Putin for $500
million lent to Armenia in 2009 for lessening adverse consequences
of the crisis.
He said $250 million of this loan has been targeted for construction
in quake-stricken areas.
"These financial resources contributed to economic growth in Armenia,
since this money was spent for construction," he said.
The premier stressed also social significance of this support saying
"people moved from carriages and site huts to comfortable apartments".
He added that the remaining $250 million was targeted for extending
loans to companies which faced financial difficulties.