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Vahan Khachatryan: No progress in Armenia last year

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  • Vahan Khachatryan: No progress in Armenia last year

    news.am, Armenia
    Jan 3 2010

    Vahan Khachatryan: No progress in Armenia last year

    15:16 / 01/03/2010No progress was recorded in 2009, nor can any
    progress be expected in 2010, Vahagn Khachatryan, the former Mayor of
    Yerevan and member if the opposition Armenian National Congress (ANC)
    told NEWS.am.

    `In 2009, the Government proved unable to oppose the crisis, and the
    anti-crisis measures did not produce any results nor could they.
    Unfortunately, the authorities did not make a step to put an end to
    monopolies, which are destroying the economy, preventing economic
    growth,' Khachatryan said. The gravest problem is that it is not the
    crisis, but the defective economic structure, that caused the huge
    economic downturn. `A rise of almost 30% in the poverty level was
    first registered in 2009. One more negative factor is that the
    Government did not create any basis for development, whereas this work
    is normally done during crises. The Government proved unable to meet
    the challenges, which will have their impact on the economy in 2010
    and following years,' Khachatryan said.

    Making forecasts for 2010, he stressed that it will be a difficult
    year. `Serious social problems will arise, especially if we consider
    the rise in the gas and electricity prices from April 1, 2010. The
    Government does not plan any measure to cope with the consequences. I
    am sure that both political and economic monopolies will continue
    prospering. Hardly any economic sectors are capable of ensuring
    economic development in the country. Construction and money transfers
    ensured development in the previous years, but neither is available
    now,' Khachatryan said.

    T.P.
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