CBA Ex-Chairman Concerned about Armenia’s Economic Situation in 2008
05.07.2008,
01:35
Armenia’s economic situation is unfavorable this year, according to Ex-Chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan.
YEREVAN, July 4. /ARKA/. Armenia’s economic situation is unfavorable this year, according to Ex-Chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan.
He believes the main reason for the economic regress was the country’s unstable political situation.
The economic rates for the past 4-5 months, particularly the exports-imports imbalance, leave much to be desired, the CBA Ex-Chairman said.
“No serious changes have occurred in Armenia since the first-generation reforms were carried out in the early 1990s,” he added.
He believes interpersonal attitudes hamper the country’s economic progress.
“For example, after the dismissal of the RA Customs Committee Head, it suddenly turned out that the structure faces major problems and is corrupt,” Asatryan said.
He called on the authorities to reform the fiscal policy and social sector. Asatryan was quoted as saying: “It does not seem that the authorities are concerned with the situation.”
He was bewildered hearing that the country’s gold reserves were put up for sale in 2003. He denied these rumors, saying he takes them as an offence, as he was one of the founders of Armenia’s gold reserves. –0—
He believes the main reason for the economic regress was the country’s unstable political situation.
The economic rates for the past 4-5 months, particularly the exports-imports imbalance, leave much to be desired, the CBA Ex-Chairman said.
“No serious changes have occurred in Armenia since the first-generation reforms were carried out in the early 1990s,” he added.
He believes interpersonal attitudes hamper the country’s economic progress.
“For example, after the dismissal of the RA Customs Committee Head, it suddenly turned out that the structure faces major problems and is corrupt,” Asatryan said.
He called on the authorities to reform the fiscal policy and social sector. Asatryan was quoted as saying: “It does not seem that the authorities are concerned with the situation.”
He was bewildered hearing that the country’s gold reserves were put up for sale in 2003. He denied these rumors, saying he takes them as an offence, as he was one of the founders of Armenia’s gold reserves. –0—
