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Zharangutiun Party Vows To Attract $1.5 Billion To Armenia If Comes

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  • Zharangutiun Party Vows To Attract $1.5 Billion To Armenia If Comes

    ZHARANGUTIUN PARTY VOWS TO ATTRACT $1.5 BILLION TO ARMENIA IF COMES TO POWER

    /ARKA/
    APRIL 20, 2012
    YEREVAN

    YEREVAN, April 19. /ARKA/. Zharangutiun (Heritage) party promises
    in its election program to attract investments totaling $1.5 billion
    to Armenia, enlarge the share of taxes in GDP and rid the country of
    monopolies if comes to power, Hovsep Khurshudyan, the party spokesman,
    said on Thursday.

    He said that the party is guided by particular programs which are
    able to ensure economic development to Armenia.

    "In the recent five years, only Zharangutiun faction remained stuck
    to its programs and voted in the parliament reasoning from these
    programs," he said. "Now we present the New Armenia program, which
    implies composition of a new government," he said.

    Khurshudyan said that all segments of the economy, especially
    profitable, are divided among tycoons, and small and mid-scale
    entrepreneurs are left with no option but to be satisfied with the
    remains left to them, such as taxi services and bakery business.

    "The core areas which influence price-making process are monopolized,"
    he said.

    The party spokesman said that Zharangutiun also proposes to cut taxes,
    increase pensions and wages and fill the government budget by lessening
    shady dealings.

    The party believes that it will be able to enlarge the share of taxes
    in GDP already in the first year alone from the current 17% to 23%
    by tightening grip on shadow economy and extracting money from it.

    Zharangutiun will also implement a program aimed at repatriation
    of Armenian citizens to their homeland with their own capital and
    investments.

    "We think Armenia, with its 2.5 million living in a region full of
    challenges, can't have any future," Khurshudyan said. "We should
    enlarge our population as soon as possible, and it is possible to do
    it only by returning Armenians to their homeland. As many as 100,000
    Armenians should be back - many of them has accomplished a great
    deal abroad."

    He said that these people will prefer to live in a free and democratic
    Armenia rather than to be viewed as second- or third-class persons
    in foreign countries.

    Zharangutiun (Heritage), a national liberal party, was founded in 2002
    by Raffi Hovhannisian, a former foreign minister. Zharangutiun known
    as a western-leaning party has some 5,000 members and the smallest
    faction is the National Assembly - six MPs. The party leader has
    close ties with Armenian community in the United States.

    In the upcoming parliamentary elections, Zharangutiun will have eight
    rivals - seven parties and one party bloc.

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