Expert: Armenia can be among those countries taking advantage of global crisis
31.05.2009,
23:27
Armenia can be among those countries taking advantage of the global crisis, just like some East-European countries, Tatul Manaseryan, adviser to Armenian National Assembly Speaker, said at a press conference on Friday.
YEREVAN, May 31. /ARKA/. Armenia can be among those countries taking advantage of the global crisis, just like some East-European countries, Tatul Manaseryan, adviser to Armenian National Assembly Speaker, said at a press conference on Friday.
As an example, the lawmaker singled out Poland, who will end the year with economic growth after receiving $3 billion from EU member countries.
“Armenia is not Poland, but capable enough to bar the economy from declining”, Manaseryan said.
He told journalists that Armenia has everything for completing the year with close-to-zero decline, while the entire word will face considerable decline, even two-digit decline in some countries.
“The crisis is increasingly intensifying and has not reached the stage, after which growth begins”, the legislator said.
In his opinion, Armenia’s insufficient integration in the world economy is advantageous to the country amid the crisis raging all over the globe.
“The crisis has stricken hard at all countries, but those having integrated in the world economy not so much can put things right thanks to own capacity and resources.”
Manaseryan thinks Armenia as greater room for solving its problems than some other countries facing similar difficulties.
At the same time, he is convinced that not every effort is being made for improving the situation.
Manaseryan thinks the Government should inject cash in those economic sectors able to ensure welfare for Armenia.
He singled out information technologies and alternative energy among these sectors.
The expert also thinks that small and mid-scale businesses should be supported amid the crisis, since they will recover faster than large business after the crisis and will be able to ensure economic growth.
Therefore Manaseryan proposes to ease tax burden for small and medium companies, particularly in border areas, to create free economic zones and lower customs duties for import of new equipment to make it possible to modernize Armenian economy.
Manaseryan thinks the global crisis is inevitable, since the economy’s development is cyclic, and long cycle of the world economy’s growth is followed by recession.
He said some countries aggravated the crisis by attempts to delay it artificially.
National Statistical Service of Armenia says 9.7% economic decline was recorded in the country in Jan-Apr 2009, compared with the same period of the previous year.
According to the statistical report, GDP amounted to AMD 638939.3 million and GDP index-deflator was 101.8% in Jan-Apr 2009, compared with the same period a year earlier.-0--
As an example, the lawmaker singled out Poland, who will end the year with economic growth after receiving $3 billion from EU member countries.
“Armenia is not Poland, but capable enough to bar the economy from declining”, Manaseryan said.
He told journalists that Armenia has everything for completing the year with close-to-zero decline, while the entire word will face considerable decline, even two-digit decline in some countries.
“The crisis is increasingly intensifying and has not reached the stage, after which growth begins”, the legislator said.
In his opinion, Armenia’s insufficient integration in the world economy is advantageous to the country amid the crisis raging all over the globe.
“The crisis has stricken hard at all countries, but those having integrated in the world economy not so much can put things right thanks to own capacity and resources.”
Manaseryan thinks Armenia as greater room for solving its problems than some other countries facing similar difficulties.
At the same time, he is convinced that not every effort is being made for improving the situation.
Manaseryan thinks the Government should inject cash in those economic sectors able to ensure welfare for Armenia.
He singled out information technologies and alternative energy among these sectors.
The expert also thinks that small and mid-scale businesses should be supported amid the crisis, since they will recover faster than large business after the crisis and will be able to ensure economic growth.
Therefore Manaseryan proposes to ease tax burden for small and medium companies, particularly in border areas, to create free economic zones and lower customs duties for import of new equipment to make it possible to modernize Armenian economy.
Manaseryan thinks the global crisis is inevitable, since the economy’s development is cyclic, and long cycle of the world economy’s growth is followed by recession.
He said some countries aggravated the crisis by attempts to delay it artificially.
National Statistical Service of Armenia says 9.7% economic decline was recorded in the country in Jan-Apr 2009, compared with the same period of the previous year.
According to the statistical report, GDP amounted to AMD 638939.3 million and GDP index-deflator was 101.8% in Jan-Apr 2009, compared with the same period a year earlier.-0--
