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PROSPECTS FOR ARMENIA'S ECONOMY
By Messenger Staff
The Messenger
Nov 3 2010
Georgia
Armenian businesses depend largely on imported raw materials, it is
therefore worth introducing innovative technologies in the country
that are compatible with the worldwide consumer market, stated
Dominique Burton, Director General of consulting company McKinsey &
Company during a press conference in Yerevan on October 30. Burton
mentioned that according to compatibility Armenia is rated 97th in
the world; however it has well-qualified personnel and is capable
of improving its situation in chosen priority areas. To enter world
markets however, it should also develop its infrastructure and combat
the extremely high level of corruption in the country. The consultant
also recommended the country invest in the areas of agriculture and
food processing in addition to their healthcare system, water supply,
education and high technology.
From: A. Papazian
By Messenger Staff
The Messenger
Nov 3 2010
Georgia
Armenian businesses depend largely on imported raw materials, it is
therefore worth introducing innovative technologies in the country
that are compatible with the worldwide consumer market, stated
Dominique Burton, Director General of consulting company McKinsey &
Company during a press conference in Yerevan on October 30. Burton
mentioned that according to compatibility Armenia is rated 97th in
the world; however it has well-qualified personnel and is capable
of improving its situation in chosen priority areas. To enter world
markets however, it should also develop its infrastructure and combat
the extremely high level of corruption in the country. The consultant
also recommended the country invest in the areas of agriculture and
food processing in addition to their healthcare system, water supply,
education and high technology.
From: A. Papazian