Expert: slow economic development in Armenia may be among factors destabilizing region

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Economy

25.09.2013, 17:00

Vladimir Lepekhin, head of the Eurasian Economic Cooperation Institute, thinks that Armenia should reach an impressive economic growth as soon as possible, not to lag behind neighboring countries, particularly Azerbaijan.

Expert: slow economic development in Armenia may be among factors destabilizing region

YEREVAN, September 25. /ARKA/. Vladimir Lepekhin, head of the Eurasian Economic Cooperation Institute, thinks that Armenia should reach an impressive economic growth as soon as possible, not to lag behind neighboring countries, particularly Azerbaijan.

Speaking Wednesday at a Moscow-Yerevan video bridge “Eurasian Project for Armenia – Economic Advantages and Public Dialogue” he pointed out Armenia’s slow economic growth as one of key factors destabilizing things in the region. He said that Azerbaijan shows the highest growth in post-soviet space.

“Armenia should reach a five-to-seven economic growth in two or three years,” he was quoted by Novosti-Armenia as saying at the video bridge.

Lepekhin said that Russia may help Armenia in modernization of the economy.

According to official statistical reports, Armenia’s GDP amounted to AMD 3997.6 billion in 2012 as economic growth was recorded at 7.2%. ---0---

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