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Expert: Armenia In Need Of Powerful Economic Development Plan

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  • Expert: Armenia In Need Of Powerful Economic Development Plan

    EXPERT: ARMENIA IN NEED OF POWERFUL ECONOMIC DEVELOPMENT PLAN

    YEREVAN, October 18. /ARKA/. Armenia needs to work out a serious
    economic development project to resolve its problems, Vladimir
    Lepekhin, the director of the Eurasian Economic Community Institute
    and a member of the Eurasian Economic Integration Bureau of the
    Scientific Council of the Russian Academy of Sciences, said Friday
    in Novosti International Press Center in Yerevan.

    "It should be a project of dynamic economic development, a
    modernization project," he said.

    The expert said that the slowdown in economic growth in Armenia
    against fast-growing neighboring economies disrupts the balance in
    the South Caucasus region.

    If Armenia has such a powerful modernization plan, he said, it would
    make Russia's assistance to its communications, atomic energy and
    mining industries more effective.

    Lepekhin said instead of asking Russian support to advance this or
    that industry, or resume the operation of the Abkahzian railway,
    Yerevan should get down to creating a real modernization project.

    'The current modus operandi of Yerevan is not effective, not because
    of Russian leadership's opposition but because of huge inertia,'
    he said adding that neither Russian foreign ministry nor big capital
    would do this without president Putin's order.

    In early September, Armenian President Serzh Sargsyan and his Russian
    counterpart, Vladimir Putin, made a joint statement, according to
    which Armenia has decided to join the Customs Union and to take part
    in formation of the Eurasian Union in the future.

    The announcement came as Armenia was poised to sign the Association
    Agreement with the European Union aimed at making European Union's
    ties with Ukraine, Armenia, Moldova and Georgia closer. ---0----

    - See more at:
    http://arka.am/en/news/politics/expert_armenia_in_need_of_powerful_economic_develo pment_plan_/#sthash.yEm631hu.dpuf




    From: A. Papazian
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