ARMENIAN GOVERNMENT SET PRIORITIES FOR DEVELOPMENT OF MAIN ECONOMIC SPHERES
27.06.2007,
03:02
The Armenian Government set priorities for development of the main economic spheres, says the government action program for 2008-2012 submitted to the parliament Tuesday.
YEREVAN, June 26. /ARKA/. The Armenian Government set priorities for development of the main economic spheres, says the government action program for 2008-2012 submitted to the parliament Tuesday.
The Armenian Government attached importance to the increasing of the share of industry in the structure of economic growth, as well as to the obtaining of a status of industrial country for Armenia.
The document stresses the importance of implementing industrial export-oriented policy. The Armenian Government will support the development of new and technologically advanced spheres and will set favorable conditions to attract investments to the industrial sector.
The program also attaches importance to complex development of chemical and metal mining industry. The first priority in the Armenian industry is the development of metal mining industry to facilitate the long-term development of the country’s economy, says the program. According to the program, administrative and legislative conditions should be improved to take the advantage of the huge potential of metal mining industry in Armenia.
The government will remain focused also on applying products and services of IT sector and forming “an electronic community” in Armenia due to the great role IT sector plays in economic progress of the country, as well as in increasing the efficiency and maintaining the competitiveness on world markets.
Among key spheres the Armenian Government considered also agriculture providing about 18% of GDP and 45% of employment in the country. The program points out that the share of agriculture in GDP decreased in the recent years due to advanced rates of growth of construction and trade spheres, but the considerable share of agrarian sector in the country’s economy is to remain considerable and to make 14% of GDP in 2012.
Taking into account the peculiarities of the sphere, the government intends to conduct balanced policies – increase the efficiency through private and state investments on one hand and implement target support to small producers on the other hand.
Consistent efforts are to be taken to eliminate the hindrances to rural credits and to set preconditions for introduction of insurance against climate risks.
The program envisages a considerable increase in the state investments in construction and improvement of rural roads. All the settlements in Armenia are expected to have at least one normal road connected them to international roads. N.V. –0—
The Armenian Government attached importance to the increasing of the share of industry in the structure of economic growth, as well as to the obtaining of a status of industrial country for Armenia.
The document stresses the importance of implementing industrial export-oriented policy. The Armenian Government will support the development of new and technologically advanced spheres and will set favorable conditions to attract investments to the industrial sector.
The program also attaches importance to complex development of chemical and metal mining industry. The first priority in the Armenian industry is the development of metal mining industry to facilitate the long-term development of the country’s economy, says the program. According to the program, administrative and legislative conditions should be improved to take the advantage of the huge potential of metal mining industry in Armenia.
The government will remain focused also on applying products and services of IT sector and forming “an electronic community” in Armenia due to the great role IT sector plays in economic progress of the country, as well as in increasing the efficiency and maintaining the competitiveness on world markets.
Among key spheres the Armenian Government considered also agriculture providing about 18% of GDP and 45% of employment in the country. The program points out that the share of agriculture in GDP decreased in the recent years due to advanced rates of growth of construction and trade spheres, but the considerable share of agrarian sector in the country’s economy is to remain considerable and to make 14% of GDP in 2012.
Taking into account the peculiarities of the sphere, the government intends to conduct balanced policies – increase the efficiency through private and state investments on one hand and implement target support to small producers on the other hand.
Consistent efforts are to be taken to eliminate the hindrances to rural credits and to set preconditions for introduction of insurance against climate risks.
The program envisages a considerable increase in the state investments in construction and improvement of rural roads. All the settlements in Armenia are expected to have at least one normal road connected them to international roads. N.V. –0—
