Switching to ‘open skies’ policy to secure 1.5 percent of additional GDP growth for Armenia

Switching to ‘open skies’ policy to secure 1.5 percent of additional GDP growth for Armenia

YEREVAN, December 10. / ARKA /. Transition to the so-called 'open skies' policy is a good opportunity to stimulate Armenia's economic development, according to Arman Khachatryan, the executive director of the National Competitiveness Foundation of Armenia. 

Presenting the benefits and advantages of switching to this policy, he said it would secure an additional GDP growth that translates into $300-$400 million a year. 

He said the enforcement of this policy would create about 20,000 high-paid new jobs, bring more tourists to Armenia and stimulate exports.

The Armenian government liberalized the domestic civil aviation sector in late October saying that all local and foreign airlines meeting safety standards will be allowed to fly to and from Armenia without special authorizations or other restrictions.

According to a National Competitiveness Foundation study, the growth of tourist flow after the enforcement of open skies policy would exceed GDP growth rate. The operation of airlines is supposed to generate around $50 million in revenue, that of the Zvartnots airport-  some $40 million and tourism development -$260-$320 million. -0-

15:17 10.12.2013

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