Gurgen Narimanyan: It's necessary to adapt to new reality
01.08.2009 11:32 GMT+04:00

/PanARMENIAN.Net/ Economic crisis offers new opportunities for a large
number of companies, Financial director of Star supermarket chain
Gurgen Narimanyan said in an interview with PanARMENIAN.Net reporter.
According to Gurgen Narimanyan, the crisis offered new
opportunities. Those who survived the storm can share large
profits. `It's necessary to adapt to new reality and attract as many
customers as possible, specifically the middle and lower strata of the
population,' he noted.
Narimanyan forecasted GDP index slump of 16-18% and expressed a hope
worst-case scenario of 20% slump will not come true.
`I think everyone knows that the global financial crisis will have
grave consequences for the economies of all countries. Armenia is not
an exception.
Like in other countries, we can expect real sector damages and
unemployment. It's premature to speak of progress, because even those
countries which have already reached the bottom of the crisis still
anticipate a second negative wave,' Narimanyan concluded