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The Prime Minister Presented The Economic Situation Of Armenia And T

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  • The Prime Minister Presented The Economic Situation Of Armenia And T

    THE PRIME MINISTER PRESENTED THE ECONOMIC SITUATION OF ARMENIA AND THE GOVERNMENT'S FUTURE PLANS TO THE DIPLOMATS

    Office of the Prime Minister
    www.gov.am
    Aug 30 2011
    Armenia

    Prime Minister Tigran Sargsyan participated in the consultation of the
    Central Apparatus of the RA Ministry of Foreign Affairs and head of
    diplomatic representations held August 30-31 at the Karen Demirchyan
    sport-concert complex. Tigran Sargsyan presented the current state
    of the economy, the Government's future programs and activities. The
    Prime Minister summed up the economic results of the first half of
    2011 and noted, that in 2011 4, 6% of inflation is expected in the
    gross domestic product. Referring to the inflation observed in our
    country, the Prime Minister said, that Armenia has already reduced
    the 10% inflation level to 5%, which will create even more favorable
    conditions to restrain inflation in 2012.

    Speaking about the Government's future plans, the Prime Minister noted
    that they include the improvement process of business environment in
    Armenia. Important events in that direction, particularly in taxation,
    customs service development, introduction of an electronic filing
    system have been implemented this year, which should significantly
    reduce the contact between tax inspectors and representatives of the
    business sector. "Today in Armenia it is possible to register a company
    electronically within 15 minutes. This is one of the most important
    factors in improving the business environment," the Prime Minister
    noted. The next steps of the reform, within the framework of deep
    and comprehensive free trade agreement with the EU, are directed to
    putting our country's customs procedures in line with the best European
    Standards, registering intellectual property protection system, etc.

    According to the Head of the Government, the reform program increases
    the effectiveness of the management system, which also includes
    comprehensive anti-corruption action plan. "It is a long-term plan
    and implies, first of all, to the specification of functions and
    defining responsibilities of ministries, inspectorates, state agencies,
    non-profit organizations. Program policy development, implementation
    and monitoring should be the main function of the ministries; the
    remaining functions should be carried out by inspections, non-profit
    organizations and state agencies."

    The Prime Minister informed the diplomats that for the first time
    in our country an industrial policy concept and its implementation
    plans are being carried out. The economic structure of Armenia of
    coming 10 years will be presented in it, revealing the potential,
    relative advantages, as well as the limiting factors. Referring to
    the north-south road corridor construction, the Prime Minister noted
    that it will comply with the highest international standards. "Such
    program has never been implemented in Armenia before. Its total volume
    is estimated to be worth USD 1, 5 billion. A contract about USD 500
    million has already been signed; a road construction contest has been
    announced and 15 foreign companies have already filled participation
    applications. The construction works are planned to begin this year."

    According to the Prime Minister, Iran-Armenia railways construction
    activities are also in the process. Works about the railways'
    development, construction schedule and financing are being carried
    out with corresponding Russian and Iranian departments.




    From: A. Papazian
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