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Provision Of 8-10% Growth Of Armenia's Economy Serious Challenge

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  • Provision Of 8-10% Growth Of Armenia's Economy Serious Challenge

    PROVISION OF 8-10% GROWTH OF ARMENIA'S ECONOMY SERIOUS CHALLENGE

    ARKA
    September 17 2007

    Provision of 8-10% growth of Armenia's economy is a serious challenge
    for the country, said Minister of Trade and Economic Development
    Nerses Yeritsyan when summing up 100 days of work of holding the
    Minister's position.

    "This bar voiced by Armenia's Prime Minister Serge Sargsyan is a
    serious challenge for the country and requires concrete efforts to
    make corresponding decision," he said.

    Armenia's Prime Minister Serge Sargsyan pointed out in his interview
    to the Armenian newspaper "Azg" that in Armenia there is no other
    alternative than the maintenance of economic growth at the level of
    8-10%. He believes that it is a difficult but real task to achieve
    such results.

    According to official data, starting from 2002 the growth of the Gross
    Domestic Product (GDP) has been measured by double-digit figures
    (in 2002 - 13.2%, in 2003 - 14%, in 2004 - 10.5%, in 2005 - 14%,
    in 2006 - 13.4%). According to the Government's program approved by
    Armenia's National Assembly on June 26, in the coming 5 years 8-10%
    growth of the GDP is envisaged, which will allow Armenia in 2009 to
    enter the group of countries with average income.

    From: Emil Lazarian | Ararat NewsPress
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