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4.6 Percent Growth Of GDP Expected In Armenia - PM

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  • 4.6 Percent Growth Of GDP Expected In Armenia - PM

    4.6 PERCENT GROWTH OF GDP EXPECTED IN ARMENIA - PM

    news.am
    Aug 31 2011
    Armenia

    YEREVAN. - Armenian Prime Minister Tigran Sargsyan on Tuesday attended
    the meeting of Armenian MFA central staff and heads of diplomatic
    missions abroad.

    Tigran Sargsyan spoke about the current state of Armenia's economy,
    presented the upcoming programs and planned activities of the
    government. The Prime Minister summed up the economic results of
    the first half of 2011 and noted that 4.6 percent growth of GDP is
    expected in 2011.

    As for inflation, according to him, from 10-percent inflation stage
    Armenia has stepped into 5 percent stage, which will create favorable
    environment for curbing inflation in 2012.

    Reflecting on the priority programs of the government, the PM
    said that they also cover the process of improving the business
    environment. During current year, the government carried out important
    activities in this area, particularly, in the direction of tax and
    customs administration, the introduction of electronic reporting system
    that should significantly reduce the contacts of tax inspectors with
    representatives of the business environment.

    Prime Minister Sargsyan informed the diplomats that the concept of
    industrial policy and the program of its implementation are being
    developed in Armenia for the first time. It will encompass the economic
    structure of Armenia for the next 10 years, identify the present and
    highlight comparative advantages and constraints, he added.

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