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TBILISI: Problems In Armenian Economy

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  • TBILISI: Problems In Armenian Economy

    PROBLEMS IN ARMENIAN ECONOMY

    The Messenger
    sept 27 2011
    Georgia

    The former head of the Bank of Armenia Bagrat Asatrian thinks that
    for the last 20 years Armenia did not manage to develop successfully
    economically. According to him, only certain individuals in the country
    exercise the right to conduct business. Asatrian also mentioned the
    poor demographic situation in the country. For the last 20 years
    there has been no growth in the population of Armenia.

    According to him, only 3-5% of the Armenian population is rich. The gap
    between the rich and the rest of the population increases, besides the
    country faces an increasing tendency for its population to emigrate.




    From: A. Papazian
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