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Expert: Eurasian Economic Union countries should pay special attention
to economic cooperation
YEREVAN, January 20. /ARKA/. Armenia and other countries of the
Eurasian Economic Union should put special emphasis on economic
cooperation and development of local industries, Vazgen Safaryan,
chairman of the Union of Domestic Commodity Producers, said Tuesday at
a news conference.
he said.
Safaryan repeated that Armenia and other countries of the union,
despite they have different economies, should work out a new policy
paying special attention to development of local industries and using
the member countries' resources, such as science and technical
capacity.
He said Armenia should take the road of economic development this
year, since it had social budgets in the last decades and its
investment policy was passive, and the country has the same government
budget also in 2015 - 47.9 percent is targeted on social spending, and
the budget is fit only for self-preservation .
Armenia became a full member of the Eurasian Economic Union on January 2, 2015.
In the government budget for 2015, revenue is projected at AMD 1
trillion 191 billion, of which 1 trillion 138 billion (23.39% of GDP)
is expected to come as taxes and duties. Spending is planned to total
AMD 1 trillion 305 billion and make up 26.82% of GDP. Deficit is
projected at AMD 114 billion or 2.34% of GDP, real GDP growth at 4.1%
and inflation rate at 4% (±1.5%). ($1 - AMD 477.91). ---0----
http://arka.am/en/news/economy/expert_eurasian_economic_union_countries_should_pa y_special_attention_to_economic_cooperation_/#sthash.PGVdYYGr.dpuf
From: Baghdasarian
to economic cooperation
YEREVAN, January 20. /ARKA/. Armenia and other countries of the
Eurasian Economic Union should put special emphasis on economic
cooperation and development of local industries, Vazgen Safaryan,
chairman of the Union of Domestic Commodity Producers, said Tuesday at
a news conference.
he said.
Safaryan repeated that Armenia and other countries of the union,
despite they have different economies, should work out a new policy
paying special attention to development of local industries and using
the member countries' resources, such as science and technical
capacity.
He said Armenia should take the road of economic development this
year, since it had social budgets in the last decades and its
investment policy was passive, and the country has the same government
budget also in 2015 - 47.9 percent is targeted on social spending, and
the budget is fit only for self-preservation .
Armenia became a full member of the Eurasian Economic Union on January 2, 2015.
In the government budget for 2015, revenue is projected at AMD 1
trillion 191 billion, of which 1 trillion 138 billion (23.39% of GDP)
is expected to come as taxes and duties. Spending is planned to total
AMD 1 trillion 305 billion and make up 26.82% of GDP. Deficit is
projected at AMD 114 billion or 2.34% of GDP, real GDP growth at 4.1%
and inflation rate at 4% (±1.5%). ($1 - AMD 477.91). ---0----
http://arka.am/en/news/economy/expert_eurasian_economic_union_countries_should_pa y_special_attention_to_economic_cooperation_/#sthash.PGVdYYGr.dpuf
From: Baghdasarian