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TBILISI: Opening Of Armenian-Turkish Border A Challenge For Armenian

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  • TBILISI: Opening Of Armenian-Turkish Border A Challenge For Armenian

    OPENING OF ARMENIAN-TURKISH BORDER A CHALLENGE FOR ARMENIAN ECONOMY

    The Messenger
    Dec 25 2009
    Georgia

    Arsen Kazarian, Chairman of the Union of Armenia's Industrialists and
    Entrepreneurs, thinks that 2009 was a challenge for Armenia's economy,
    the biggest since the collapse of the nineties. He suggests that the
    crisis forced Armenia to improve its compatibility with international
    markets and therefore gave it a good base for 2010. He adds that
    forthcoming years will see development as Armenian industrialists
    have withstood the crisis and no company has closed down.

    The opening of the Turkish-Armenian border will also be a challenge
    as Armenians will be competing with Turkish capital. However Armenia
    will also be able to access the Turkish market of 70 million people.

    Kazarian states that there are serious signs that Armenia will reach
    its preliminary target of 1.2% annual growth.
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