National Report on Armenia’s Competitiveness Presented in Yerevan
17.07.2008,
00:09
Manuk Yerghnyan, the director of Economy and Values research center, said at the presentation that the center’s report contains macroeconomic indicators and shows their development from 1990s to 2007.
YEREVAN, July 16. /ARKA/. The presentation of a new national report on Armenia’s competitiveness was held Wednesday in Yerevan.
Manuk Hergnyan, the president of Economy and Values research center, said at the presentation that the center’s report contains macroeconomic indicators and shows their development from 1990s to 2007.
The report also shows competitive ability of Armenia in the world.
“Some macroeconomic indicators of Armenia are quite high. In particular, the growth ot the country’s per-capita GDP is the second in the world. However the country is placed 93rd in competitiveness ranking. Armenia’s business competitiveness is 108th among 131 countries”, Hergnyan said explaining that he referred to the World Economic Forum’s 2007/2008 ranking.
Official figures show economic growth in Armenia was recorded at 13.7% in 2007 and per-capita GDP $2844.
Yerghnyan thinks that to improve its competitiveness, Armenia must develop in two directions – to seek a “strategic breakthrough”.
He finds policy of clusters supplemented with application of innovations and advanced technologies can produce a considerable effect.
The report points out the necessity of attracting direct foreign investments, creating a business network of Armenian communities worldwide and implementing strategic programs in the education sector.
Armenian Economy Minister Nerses Yeritsyan said that relevant state agencies will mull over the center’s proposals and make their strategic conclusions.
“If we see particular plans of achieving this goal in the next report, well place on record a practical result in competitiveness enhancement”, he said.
The report is prepared with the help of local and foreign experts.
In this report, Armenia is considered in comparison with CIS countries as well as Central and East Europe and the Middle East.-0---
Manuk Hergnyan, the president of Economy and Values research center, said at the presentation that the center’s report contains macroeconomic indicators and shows their development from 1990s to 2007.
The report also shows competitive ability of Armenia in the world.
“Some macroeconomic indicators of Armenia are quite high. In particular, the growth ot the country’s per-capita GDP is the second in the world. However the country is placed 93rd in competitiveness ranking. Armenia’s business competitiveness is 108th among 131 countries”, Hergnyan said explaining that he referred to the World Economic Forum’s 2007/2008 ranking.
Official figures show economic growth in Armenia was recorded at 13.7% in 2007 and per-capita GDP $2844.
Yerghnyan thinks that to improve its competitiveness, Armenia must develop in two directions – to seek a “strategic breakthrough”.
He finds policy of clusters supplemented with application of innovations and advanced technologies can produce a considerable effect.
The report points out the necessity of attracting direct foreign investments, creating a business network of Armenian communities worldwide and implementing strategic programs in the education sector.
Armenian Economy Minister Nerses Yeritsyan said that relevant state agencies will mull over the center’s proposals and make their strategic conclusions.
“If we see particular plans of achieving this goal in the next report, well place on record a practical result in competitiveness enhancement”, he said.
The report is prepared with the help of local and foreign experts.
In this report, Armenia is considered in comparison with CIS countries as well as Central and East Europe and the Middle East.-0---
