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Tigran Davtyan: Armenian Economy Is In The Stage Of Stabilization

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  • Tigran Davtyan: Armenian Economy Is In The Stage Of Stabilization

    TIGRAN DAVTYAN: ARMENIAN ECONOMY IS IN THE STAGE OF STABILIZATION
    Hasmik Dilanyan

    "Radiolur"
    31.03.2010 18:28

    According to the decision of the Government of the Republic of Armenia,
    the social allowances and pensions will increase 3 500 and 2 650 AMD
    respectively. Most economists and common citizens say the increase
    cannot be sufficient, taking into consideration that the gas price
    is going to rise from April 1st.

    "The government makes its calculations within the limits of its
    capacity, and the financial capacities of the state are reflected
    in the state budget," Finance Minister Tigran Davtyan told a press
    conference today.

    "This year's macroeconomic indices were a little better, than we
    had foreseen in the budget. The budget envisaged a 1.3% GDP growth,
    while what we have today is a little higher,'" the Minister said.

    According to Tigran Davtyan, the Armenian economy is in the stage of
    stabilization and revival today. He predicts that 1-1.5 years will
    be needed for full recovery.
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