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Serzh Sargsyan: The Region Will Change In 3-4 Years And We Should Be

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  • Serzh Sargsyan: The Region Will Change In 3-4 Years And We Should Be

    SERZH SARGSYAN: THE REGION WILL CHANGE IN 3-4 YEARS AND WE SHOULD BE READY FOR IT

    Mediamax, Armenia
    June 5 2013

    Yerevan /Mediamax/. Armenian President Serzh Sargsyan said today that
    "we should continue modernization and diversification of our economy
    to get more favorable conditions in the new situation expected in
    the region in a few years".

    Serzh Sargsyan said this at the session of the National Security
    Council today, Mediamax reports.

    "Armenia faces many difficulties today. Nobody argues it. But the
    truth is that the trends of development of Armenia's economy are
    promising. In 2012, the economic growth in our country made 7.2%. The
    high level of economic activity maintains in 2013 as well. Yes,
    the rates of Armenia's economic growth exceeded those in all the
    neighboring countries in 2012. As a result, Armenia is the 23rd country
    ensuring biggest economic growth among 188 countries of the world as
    of 2012", said the President.

    According to Serzh Sargsyan, economy should be changed in all the
    spheres both in terms of form and content.

    "We are building a new economy. Gradually, we should start producing
    anti-hail networks just on the spot instead of eliminating outcomes of
    the hail, we should produce irrigation systems instead of subsidizing
    irrigation, start projects advancing the whole fields to collect
    fast and cheap hotbeds, for instance, assembly of necessary equipment
    production up to say solar batteries", noted the President.

    According to the President, the picture in the region will change
    within 3-4 years and Armenia should be ready for it.

    Serzh Sargsyan noted that the experts have been expecting Azerbaijan's
    unavoidable fiasco for over 2-3 years - political-social and economic
    mines threaten to explode in Azerbaijan.

    "In conditions of chronic decline in oil and gas extraction,
    the authorities of the neighboring country continue spending the
    accumulated means the way even their rivals couldn't plan. Only
    momentary fiestas - that's the logic of the pursued policy. The
    money is wasted in areas of one-time use at crazy rates- tremendous
    construction projects ensuring visibility, funding social expenditures,
    which they will have to reduce squandering billions for the sake of one
    evening in various corners of the world - deeds which make everything
    clear for those who plans 2 steps ahead", said Serzh Sargsyan.

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