Macroeconomic situation stable, predictable – finance ministry

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Economy

11.06.2009, 18:58

Minister of Finance of Armenia Tigran Davtyan believes the macroeconomic situation in Armenia is stable and predictable.

YEREVAN, June 11. /ARKA/. Minister of Finance of Armenia Tigran Davtyan believes the macroeconomic situation in Armenia is stable and predictable.

“We are talking about macroeconomic indicators of financial, specifically banking system which survived the worst part of the crisis and ensured its full safety,” he said at his meeting with Armenian businessmen in Moscow.

Davtyan stressed not a single bank suffered bankruptcy or had significant problems.

“We have all the necessary conditions for economic activity, namely macroeconomic and banking stability, a good business-climate and clear legislation aimed at spurring investments and business,” Davtyan stated.

Besides, according to the Minister, currently some 4,000 enterprises operate in Armenia with foreign capital.

“It is a significant number for a small country and I do not know any company that has left Armenia during these years and this means that the companies are working with profits even amid crisis,” he said. –0--

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