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Armenia's Exports Declined By About 25 Percent - Vazgen Safaryan

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  • Armenia's Exports Declined By About 25 Percent - Vazgen Safaryan

    ARMENIA'S EXPORTS DECLINED BY ABOUT 25 PERCENT - VAZGEN SAFARYAN

    17:14 02/04/2015 >> ECONOMY

    Armenia's exports have declined by about 25 percent and imports by
    26 percent, and this is a cause for concern, Vazgen Safaryan, head
    of the Union of Native Producers of Armenia, told a news conference
    on Thursday.

    According to him, this situation is due to the depreciation of the
    Russian ruble.

    "Our union together with the Public Council has initiated measures to
    find ways out of this situation. A meeting will be held tomorrow with
    the participation of Armenian businessmen to discuss matters related
    to tax and credit sectors," Safaryan said, adding that subsequently,
    all the views will be presented to the government and, if necessary,
    also to the President.

    Source: Panorama.am

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