Kocharyan: unrest in Yerevan not to have irreversible impact on Armenia’s economic growth
22.03.2008,
01:54
Unrest in Yerevan is not to have irreversible impact on economic growth in the country, Armenain President Robert Kocharyan said on Thursday.
YEREVAN, March 21. /ARKA/. Unrest in Yerevan is not to have irreversible impact on economic growth in the country, Armenain President Robert Kocharyan said on Thursday.
He told journalists that economic growth in Armenia exceeded 10% in passed two months.
“It is natural that these events will impact economic growth, but later, in follow-up months, but I don’t think this impact will be irreversible”, he said.
He said public confidence in stability and stable economic environment are the best guarantees for attracting investments from the outside.
The president reminded journalists that after terrorist action in Parliament committed on October 27 1999 the economic growth was equal to zero in the first half of 2000, while at the second half of the year the authorities managed to raise it 6%. Kocharyan is convinced that the authorities will back things to normal just in a couple of months.
He said if the unrest stops, pensioners will have their retirement benefits increased, otherwise the situation will strike hand at them.
Kocharyan also warned that other low-income citizens will be stricken as well.
National Statistical Service of Armenia says economic growth for January and February was recorded at 10.1% and GDP totaled AMD 221.4 billion ($719.4 million).
Foreign trade turnover reached AMD 211.4 billion or $687 million in January and February 2008 after growing 24.1%, compared with the same months of the previous year.
In January and February 2007, economic growth was recorded at 9.2%.
GDP growth id planned to be 10% in 2008. --0—
He told journalists that economic growth in Armenia exceeded 10% in passed two months.
“It is natural that these events will impact economic growth, but later, in follow-up months, but I don’t think this impact will be irreversible”, he said.
He said public confidence in stability and stable economic environment are the best guarantees for attracting investments from the outside.
The president reminded journalists that after terrorist action in Parliament committed on October 27 1999 the economic growth was equal to zero in the first half of 2000, while at the second half of the year the authorities managed to raise it 6%. Kocharyan is convinced that the authorities will back things to normal just in a couple of months.
He said if the unrest stops, pensioners will have their retirement benefits increased, otherwise the situation will strike hand at them.
Kocharyan also warned that other low-income citizens will be stricken as well.
National Statistical Service of Armenia says economic growth for January and February was recorded at 10.1% and GDP totaled AMD 221.4 billion ($719.4 million).
Foreign trade turnover reached AMD 211.4 billion or $687 million in January and February 2008 after growing 24.1%, compared with the same months of the previous year.
In January and February 2007, economic growth was recorded at 9.2%.
GDP growth id planned to be 10% in 2008. --0—
