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N. Yeritsian: Economic Dev Strategy To Be Aimed at Territorial Dev

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  • N. Yeritsian: Economic Dev Strategy To Be Aimed at Territorial Dev

    ACCORDING TO NERSES YERITSIAN, ECONOMIC DEVELOPMENT STRATEGY TO BE
    AIMED AT TERRITORIAL DEVELOPMENT

    YEREVAN, NOVEMBER 2, NOYAN TAPAN. By the 2008 draft state budget, 1 bln
    104.3 mln drams (about 3.4 mln USD) will be allocated for trade and
    economic development - against 922.5 mln drams in 2007, the RA deputy
    minister of finance and economy Pavel Safarian stated at the November 2
    joint sitting of the National Assembly standing committees. 450 mln
    drams will be allocated to the program on state assistance to small and
    medium business, 250 mln drams - to the tourism development program,
    170 mln drams - to the program on making Tsakhkadzor a tourism center
    in line with international standards. 100 mln drams will be allocated
    to the program on state assistance for development of the IT sector.

    According to the RA minister of trade and economic development Nerses
    Yeritsian, the indicated programs are aimed at developing private
    entrepreneurship with state assistance. The minister pointed out that
    state assiastance sums for small and medium business are increasing
    year by year: their increase will make 50 mln drams in 2008 as compared
    with 2007.

    According to the speaker, the main direction now is territorial
    development. In his words, henceforth tourism should also become a tool
    of territorial development, which will allow to reduce the difference
    between the revenues of Yerevan and marzes.

    N. Yeritsian said that the program on development of information
    technologies will have two directions: establishment of the information
    society, which means Internet access for using banking and state
    services, and increasing Armenia's competitiveness in the IT sector.
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