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HEAD OF ARMENIAN BUSINESS UNION COMMENDS GOVERNMENT FOR ITS SUPPORT TO ENTREPRENEURSHIP
YEREVAN, December 18. / ARKA /. Head of an Armenian business union
has commended today the government for its support to entrepreneurship.
Arsen Ghazaryan, head of the Union of Industrialists and Businessmen of
Armenia, told a news conference that a government-designed strategy to
support the development of industry and protect domestic manufacturers
is being consistently materialized.
He said Armenian entrepreneurs are satisfied with this approach,
adding that the outcome will become evident in time.
He then praised the government and the central bank for their
response to dramatic drop in the national currency's value. He said
the statements by Central bank governor and prime minister have
been instrumental in stabilizing to some extent the tension in the
financial market with the national currency regaining step by step
its lost position.
Speaking at a news conference on December 17 Javadyan said the exchange
rates of hard currencies were overvalued in Armenia adding that they
would drop. He blamed the dramatic drop in the exchange of dram on
speculative currency trading and panic in the financial market.
In a yesterday statement prime minister Hovik Abrahamyan said the
government is not going to give up the floating exchange rate of the
dram 'that helps protect the economy from the long-term instability.-0-
http://arka.am/en/news/economy/head_of_armenian_business_union_commends_governmen t_for_its_support_to_entrepreneurship/#sthash.neMqOoZD.dpuf
YEREVAN, December 18. / ARKA /. Head of an Armenian business union
has commended today the government for its support to entrepreneurship.
Arsen Ghazaryan, head of the Union of Industrialists and Businessmen of
Armenia, told a news conference that a government-designed strategy to
support the development of industry and protect domestic manufacturers
is being consistently materialized.
He said Armenian entrepreneurs are satisfied with this approach,
adding that the outcome will become evident in time.
He then praised the government and the central bank for their
response to dramatic drop in the national currency's value. He said
the statements by Central bank governor and prime minister have
been instrumental in stabilizing to some extent the tension in the
financial market with the national currency regaining step by step
its lost position.
Speaking at a news conference on December 17 Javadyan said the exchange
rates of hard currencies were overvalued in Armenia adding that they
would drop. He blamed the dramatic drop in the exchange of dram on
speculative currency trading and panic in the financial market.
In a yesterday statement prime minister Hovik Abrahamyan said the
government is not going to give up the floating exchange rate of the
dram 'that helps protect the economy from the long-term instability.-0-
http://arka.am/en/news/economy/head_of_armenian_business_union_commends_governmen t_for_its_support_to_entrepreneurship/#sthash.neMqOoZD.dpuf