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Robert Kocharyan: Economic Growth In Armenia Will Sustain

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  • Robert Kocharyan: Economic Growth In Armenia Will Sustain

    ROBERT KOCHARYAN: ECONOMIC GROWTH IN ARMENIA WILL SUSTAIN

    ArmRadio.am
    30.05.2007 16:14

    The economic growth will sustain in Armenia at least during the coming
    3-5 years, RA President Robert Kocharyan said during the sitting of
    the Presidential Council on Atomic Energy.

    In his words, Armenia has been stably developing after the previous
    sitting of the Council in October 2005. "Both in 2005 and 2006 the
    republic showed double-digit numbers of economic growth," Robert
    Kocharyan underlined, informing that a stable 12.5 economic growth has
    been observed in the republic in the course of the past six years. The
    President mentioned that in 2007 the paces of GDP growth are close to
    these indices. In his speech the President laid a special emphasis
    on the reforms without which the economic growth would be useless,
    according to him.

    Mr. Kocharyan reminded that Armenia was included in the New
    Neighborhood Policy, adopted the Action Plan, which is mainly targeted
    at social reforms.

    Armenia has launched serious energy projects with the Russian
    Federation. A trilateral project in the sphere of energy is being
    implemented together with Iran and Georgia, negotiations are underway
    on a number of other energy projects.

    Projects have been launched with the US in the framework of the
    Millennium Challenge Compact, which will also have a positive impact
    on the economic situation in Armenia, President Kocharyan noted.
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