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ARMENIA'S ECONOMY MINISTER FAILS TO CLARIFY STANCE ON EBRD FORECAST
15:04 * 22.01.15
Armenia's Minister of Economy Karen Chshmarityan has not clarified
his stance on a forecast by the European Bank for Reconstruction and
Development (EBRD).
"We are not dealing with macroeconomic forecasts," he said.
The EBRD forecasts 0% economic growth in Armenia for this year.
The ministry is now dealing with problems of industrial enterprises,
exports and influence on international markets.
"We have to employ all the instruments for our companies to increase
their output this year," Mr Chshmarityan said.
In response to a remark that all the ratings show fewer loans to
Armenia, the minister said:
"Different organizations have different methods of assessment. But
our studies show that work with real sector and their aid show a
different picture."
http://www.tert.am/en/news/2015/01/22/chshmaritian/1566847
15:04 * 22.01.15
Armenia's Minister of Economy Karen Chshmarityan has not clarified
his stance on a forecast by the European Bank for Reconstruction and
Development (EBRD).
"We are not dealing with macroeconomic forecasts," he said.
The EBRD forecasts 0% economic growth in Armenia for this year.
The ministry is now dealing with problems of industrial enterprises,
exports and influence on international markets.
"We have to employ all the instruments for our companies to increase
their output this year," Mr Chshmarityan said.
In response to a remark that all the ratings show fewer loans to
Armenia, the minister said:
"Different organizations have different methods of assessment. But
our studies show that work with real sector and their aid show a
different picture."
http://www.tert.am/en/news/2015/01/22/chshmaritian/1566847