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MP From Republican Party Of Armenia: Economic Crisis To Direct Finan

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  • MP From Republican Party Of Armenia: Economic Crisis To Direct Finan

    MP FROM REPUBLICAN PARTY OF ARMENIA: ECONOMIC CRISIS TO DIRECT FINANCIAL FLOWS INTO REAL SECTOR OF ARMENIA'S ECONOMY

    ArmInfo
    2009-02-03 17:12:00

    ArmInfo. The economic crisis will direct financial flows to the real
    sector of Armenia's economy, Armenian MP from the Republican Party
    of Armenia faction, Chairman of Standing Parliamentary Commission
    for Economic Issues Vardan Ayvazyan told journalists, Tuesday.

    "The crisis will become good means for transition of virtual capital
    to real ground",- Ayvazyan said. He added that the crisis arose as a
    result of abusing money flows by financial companies and circulation
    of huge amounts outside the real sector. "Though Armenia didn't have
    to experience such shocks due to the undeveloped financial market,
    nevertheless, this should become a warning for us: the current
    financial means in economy shouldn't be an aim in itself, they should
    serve the real sector", - Ayvazyan said.
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