TIGRAN DAVTYAN: ARMENIAN ECONOMY IS IN THE STAGE OF STABILIZATION
Hasmik Dilanyan

"Radiolur"
31.03.2010 18:28

According to the decision of the Government of the Republic of Armenia,
the social allowances and pensions will increase 3 500 and 2 650 AMD
respectively. Most economists and common citizens say the increase
cannot be sufficient, taking into consideration that the gas price
is going to rise from April 1st.

"The government makes its calculations within the limits of its
capacity, and the financial capacities of the state are reflected
in the state budget," Finance Minister Tigran Davtyan told a press
conference today.

"This year's macroeconomic indices were a little better, than we
had foreseen in the budget. The budget envisaged a 1.3% GDP growth,
while what we have today is a little higher,'" the Minister said.

According to Tigran Davtyan, the Armenian economy is in the stage of
stabilization and revival today. He predicts that 1-1.5 years will
be needed for full recovery.