ARMENIA’S MAIN OBJECTIVE TO MAINTAIN 10% ECONOMIC GROWTH IN NEAR FUTURE
29.06.2007,
03:08
Armenia’s main objective is to maintain 10% economic growth in near future, said Gagik Minasyan, Chair of the Standing Committee on Financial-Credit, Budgetary and Economic Affairs of the National Assembly of Armenia.
YEREVAN, June 28. /ARKA/. Armenia’s main objective is to maintain 10% economic growth in near future, said Gagik Minasyan, Chair of the Standing Committee on Financial-Credit, Budgetary and Economic Affairs of the National Assembly of Armenia.
He said that one of the most significant achievements of Armenia for the recent years has been double-digit economic growth.
“In the post-soviet territory and in Western European countries there hardly can be found a country, which like Armenia, being in double blockade and undeclared war, maintained stable 10% economic growth during 10 years,” he said.
Touching upon the challenges thrown by Azerbaijan with its oil resources, Minasyan pointed out that Armenia is able to withstand them, not in quantitative, but qualitative meaning.
“I am sure that signals coming from Azerbaijan on the increase of their military budget, did not reach the aim, as in the 21st century the issues are not solved by increasing military technique,” he said.
Starting from 2002, the GDP growth in Armenia is measured by double-digit figures (13.2% in 2002, 14% in 2003, 10.5% in 2004, 14% in 2005). The economic growth in Armenia in 2006 made 13.4%. The GDP per person made AMD 827,394 or $1,989 in 2006.
The program of the Government’s activities approved by the RA national Assembly on June 26, 2007, envisages 8-10% GDP growth, which will allow Armenia by the end of 2009 to join the group of countries with average income. L.M. –0—
He said that one of the most significant achievements of Armenia for the recent years has been double-digit economic growth.
“In the post-soviet territory and in Western European countries there hardly can be found a country, which like Armenia, being in double blockade and undeclared war, maintained stable 10% economic growth during 10 years,” he said.
Touching upon the challenges thrown by Azerbaijan with its oil resources, Minasyan pointed out that Armenia is able to withstand them, not in quantitative, but qualitative meaning.
“I am sure that signals coming from Azerbaijan on the increase of their military budget, did not reach the aim, as in the 21st century the issues are not solved by increasing military technique,” he said.
Starting from 2002, the GDP growth in Armenia is measured by double-digit figures (13.2% in 2002, 14% in 2003, 10.5% in 2004, 14% in 2005). The economic growth in Armenia in 2006 made 13.4%. The GDP per person made AMD 827,394 or $1,989 in 2006.
The program of the Government’s activities approved by the RA national Assembly on June 26, 2007, envisages 8-10% GDP growth, which will allow Armenia by the end of 2009 to join the group of countries with average income. L.M. –0—
