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Armenia Enters Stabilization And Reconstruction Stage

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  • Armenia Enters Stabilization And Reconstruction Stage

    ARMENIA ENTERS STABILIZATION AND RECONSTRUCTION STAGE

    news.am
    March 31 2010
    Armenia

    "We have entered a stage of stabilization and reconstruction, and
    our task is to restore our pre-crisis potential as soon as possible
    and reconstruct the economy," RA Minister of Finance Tigran Davtyan
    told reporters on March 31.

    "That is, we want to return to the pre-crisis situation not only
    politically; we want to carry out certain structural changes. So
    whether we have or have not overcome the crisis - it is a somewhat
    rhetorical question. It depends on what we mean by this," Davtyan said.

    As to when the "stabilization and reconstruction" stage is over,
    the Minister said: "I think it is a matter of 12-18 months, from
    today. If the current rate is maintained, it will happen before the
    end of next year. We can also speak of general recovery. In some
    cases it will be quicker, in others slower."
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