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Former Head Of Central Bank: 30% Of Armenia's Population Live In Pen

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  • Former Head Of Central Bank: 30% Of Armenia's Population Live In Pen

    FORMER HEAD OF CENTRAL BANK: 30% OF ARMENIA'S POPULATION LIVE IN PENURY

    ARKA
    Sep 22, 2011

    YEREVAN, September 22. /ARKA/. People living beyond poverty line
    constitute 30% of Armenia's population, Bagrat Asatryan, former
    chairman of the Central Bank of Armenia, said Thursday at a news
    conference.

    He said that the gap between the poor and the rich is wider than in
    any post-soviet country and social tension is more acute. Things grew
    worse in the recent three years, after the 2008 crisis.

    Asatryan also singled out the share of economically active people in
    the country's population among Armenia's biggest troubles.

    "Some 1.2 million people are economically active," he said. "Of them,
    some 500,000 are people working in rural areas."

    Asatryan said referring to statistical reports that if one has even
    one pear tree in his garden, he is viewed as an employed person.

    He said that these 500,000 people employed in Armenia's farms produce
    as much as 20,000 or 25,000 produce in developed countries, such
    as Israel.

    It can be concluded that at least 400,000 people in Armenia are
    jobless.

    According to the latest official statistical reports, the poor
    constituted 34.1% of Armenia's population in 2009 against 27.6%
    in 2008.

    It means some 214,000 people were rendered poor over one year - 23.6%
    year-on-year increase.

    About 1.1 million people in Armenia lived in poverty in 2009.

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