Eurasian integration may give Armenia advantage of additional 5-6% GDP growth

YEREVAN, January 23./ARKA/. Armenia’s involvement in Eurasian integration process will give the country an opportunity of additional 5-6% growth, as compared with aggregate GDP under no integration circumstance, director of North-South Political Science Center Russian historian Aleksey Vlasov said during a journalism skills course at Novosti international press center Wednesday.

This 5-6% additional growth can be achieved over five years, according to Vlasov.

Earlier, Armenian minister of finance Vache Gabrielyan said GDP growth is expected to reach 7-7.1% as of the end of 2012, as compared with 2.4% planned under the budget. The 2013 budget projects a 6.2% GDP growth.

According to Vlasov, economy should be re-equipped and an enterprise chain should be built to ensure such an additional growth. Yet, a year or a year and a half will be needed for adaptation, he said.

The expert stressed that opening of new jobs in all integrating countries and distribution of resources will be the first priority in the Eurasian integration.

The course on journalism skills held in Novosti-Armenia Agency on January 22-26 is initiated by North-South Political Science Center, RIA Novosti Agency, together with Novosti-Armenia International News Agency. –0--