7% GDP growth in Armenia pretty possible- commission head
25.06.2012,
17:14
Seven-percent economic growth is quite possible in Armenia in 2012, thinks Gagik Minasyan, head of a regular Parliamentary commission for financial-credit and budget issues.
YEREVAN, June 25. /ARKA/. Seven-percent economic growth is quite possible in Armenia in 2012, thinks Gagik Minasyan, head of a regular Parliamentary commission for financial-credit and budget issues.
On June 18, at an extraordinary Cabinet meeting the President Serzh Sargsyan instructed the responsible structures to ensure 7% economic growth this year instead of the projected 4.2%. Last year this indicator was 4.6%.
“I think that in case of tensed work we have all the resourceS which will make it possible to achieve 7% growth,” Minasyan told the journalists on Monday.
He also reminded that economic activity index hit over 7% in Armenia, according to the latest data.
“It creates very good conditions. Moreover, agricultural sphere can contribute significantly in economic growth by providing market with great volume of products,” Minasyan added.
He noted that the high growth indicator is planed to reach due to large-scale changes in economy.
“We will reach higher economic competition, will control more strictly companies who abuse their dominating position at the market. We are intended to work more aggressively, opening new markets for our production. We will support our household objects operating in both, agricultural and industrial sectors,” Minasyan said. -0-
