Announcement

Collapse
No announcement yet.

Serzh Sargsyan: We Still Have Hopes Of Maintaining High Rates Of Eco

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Serzh Sargsyan: We Still Have Hopes Of Maintaining High Rates Of Eco

    SERZH SARGSYAN: WE STILL HAVE HOPES OF MAINTAINING HIGH RATES OF ECONOMIC GROWTH AND LOW INFLATION

    Noyan Tapan
    http://www.nt.am?shownews=1010185
    Dec 2, 2008

    YEREVAN, DECEMBER 2, NOYAN TAPAN. "Despite the spreading global
    economic crisis, we still have hopes of maintaining high rates of
    economic growth and low inflation. The capitalization of Armenian
    banks is likely to allow reducing the losses to be caused by the
    crisis in Armenia," the Armenian president Serzh Sargsyan stated at
    the December 2 opening ceremony of the 10th sitting of the Atomic
    Energy Security Council under the RA president.

    In his words, it is almost impossible to get out of the crisis without
    losses, but it is possible and necessary to reduce these losses to a
    minimum. On the whole, according to the president, the macroeconomic
    situation in Armenia is assessed as stable and predictable.

    Speaking about the programs on energy sector, he said that work is
    being done to increase the capacities of the Abovian underground
    gas storage, and construction of a combined steam-and-gas power unit
    with the capacity of 270 megawatts has begun in the area of Yerevan
    Thermal Power Plant. It is envisaged completing the building and
    assembly work of 5th power unit of Hrazdan Thermal Power Plant at
    the end of the first half of 2010.

    Noting that Armenia has one of the world's highest indices of
    gas network installation, S. Sargsyan reminded that recently the
    Iran-Armenia gas pipeline was connected to the internal gas supply
    system of Armenia. It was mentioned that in 2008 Armenia initiated
    the process of joining the agreement on creation of an international
    uranium enrichment center in the Russian city of Angarsk, and a joint
    Russian-Armenian venture on geological exploration of uranium mines
    in Armenia, and uranium mining and processing was set up.

    From: Emil Lazarian | Ararat NewsPress
Working...
X