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ECONOMIC GROWTH DIFFICULT, BUT POSSIBLE TO ENSURE - GAREGIN NUSHIKYAN
20:26 * 11.03.15
http://www.tert.am/en/news/2015/03/11/garegin-nushikyan/1614310
Lower key economic indicators throughout last year and released
data are evidence that economic growth will be difficult - but
not impossible - to ensure, Garegin Nushikyan, an MP of the ruling
Republican Party of Armenia (RPA) and member of the Standing Committee
on Economic Affairs, told Tert.am.
Armenia's government planned 4.2% economic growth for 2015. The
Central Bank of Armenia (CBA) forecasts 04%-2% economic growth. The
World Bank forecasts 3% economic growth for Armenia.
"It is too early to make any forecasts. Just two months have passed,
and it is wrong to base forecasts on a decrease in money transfers
alone, given the fact that the situation in Russia is stabilizing as
well," Mr Nushikyan said.
The CBA reports a 41.08% decrease in money transfers to Armenia this
January as compared with last January, with a 60% general decrease
registered.
The situation is critical, but Armenia is not the only factor.
"The government is doing its best. There is a crisis, but not only
here, but also in the entire region, throughout the world, in Europe
- and not only economic crisis, but also a political crisis. We are
going through hard times, and I think the government is doing its
best for us to cope with the situation with credit," Mr Nushikyan said.
Speaking of the instruments, he mentioned amendments to Armenia's laws.
"We have adopted quite a good bill on turnover tax. I think it
will enable small businesses to intensify their activities. For big
businesses we adopted a bill on profit tax. I think it will promote
exports."
Asked about prospects of the Eurasian Economic Union (EEU), Mr
Nushikyan said that the problem has nothing in common with the EEU. It
has to do with the economic situation in Russia.
"We are well aware of the economic situation in Russia. And our
products are not competitive there. So Armenia's membership in the
EEU has nothing in common with it."
20:26 * 11.03.15
http://www.tert.am/en/news/2015/03/11/garegin-nushikyan/1614310
Lower key economic indicators throughout last year and released
data are evidence that economic growth will be difficult - but
not impossible - to ensure, Garegin Nushikyan, an MP of the ruling
Republican Party of Armenia (RPA) and member of the Standing Committee
on Economic Affairs, told Tert.am.
Armenia's government planned 4.2% economic growth for 2015. The
Central Bank of Armenia (CBA) forecasts 04%-2% economic growth. The
World Bank forecasts 3% economic growth for Armenia.
"It is too early to make any forecasts. Just two months have passed,
and it is wrong to base forecasts on a decrease in money transfers
alone, given the fact that the situation in Russia is stabilizing as
well," Mr Nushikyan said.
The CBA reports a 41.08% decrease in money transfers to Armenia this
January as compared with last January, with a 60% general decrease
registered.
The situation is critical, but Armenia is not the only factor.
"The government is doing its best. There is a crisis, but not only
here, but also in the entire region, throughout the world, in Europe
- and not only economic crisis, but also a political crisis. We are
going through hard times, and I think the government is doing its
best for us to cope with the situation with credit," Mr Nushikyan said.
Speaking of the instruments, he mentioned amendments to Armenia's laws.
"We have adopted quite a good bill on turnover tax. I think it
will enable small businesses to intensify their activities. For big
businesses we adopted a bill on profit tax. I think it will promote
exports."
Asked about prospects of the Eurasian Economic Union (EEU), Mr
Nushikyan said that the problem has nothing in common with the EEU. It
has to do with the economic situation in Russia.
"We are well aware of the economic situation in Russia. And our
products are not competitive there. So Armenia's membership in the
EEU has nothing in common with it."