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Armenia's economy must be ready for any scenario, says premier
14:15 * 30.01.15
The globally observed economic war forces Armenia's economy to be
ready to face any scenario, Prime Minister Hovik Abrahamyan said today
as he addressed the cabinet meeting.
"We have created a working group headed by [Vice Premier and Minister
of International Economic Integration and Reforms Vache] Gabrielyan,
and it includes representatives from all the interested ministries,"
he said, asking Mr Gabrielyan to elaborate on their activities.
Responding to the premier, the minister first stressed the need of
ensuring currency flows, considering it an important measure to
increase the economy's resistance and to enhance the defense sector.
"In particular, there is a draft law on export promotion, which has
been sent to the National Assembly. Additionally, we have also
envisaged steps towards attracting other resources. So, from this
point of view, this measure is very important. It addresses
opportunities of bringing money from foreign markets," he said, noting
that the domestic bonds' turnover has a higher interest rate on the
secondary market.
Mr Gabrielyan said that they also have plans to attract investors in
infrastructure programs.
He added that the ministry also discussed procedures for regulating
the currency market, focusing particularly on a concept paper
addressing currency exchange units' price policies and anti-trust
commissions' possible reactions to price surges.
"These measures are especially important in terms of attracting
resources from investors," the minister added.
http://www.tert.am/en/news/2015/01/30/varchapet-vachegabrielyan/1574334
14:15 * 30.01.15
The globally observed economic war forces Armenia's economy to be
ready to face any scenario, Prime Minister Hovik Abrahamyan said today
as he addressed the cabinet meeting.
"We have created a working group headed by [Vice Premier and Minister
of International Economic Integration and Reforms Vache] Gabrielyan,
and it includes representatives from all the interested ministries,"
he said, asking Mr Gabrielyan to elaborate on their activities.
Responding to the premier, the minister first stressed the need of
ensuring currency flows, considering it an important measure to
increase the economy's resistance and to enhance the defense sector.
"In particular, there is a draft law on export promotion, which has
been sent to the National Assembly. Additionally, we have also
envisaged steps towards attracting other resources. So, from this
point of view, this measure is very important. It addresses
opportunities of bringing money from foreign markets," he said, noting
that the domestic bonds' turnover has a higher interest rate on the
secondary market.
Mr Gabrielyan said that they also have plans to attract investors in
infrastructure programs.
He added that the ministry also discussed procedures for regulating
the currency market, focusing particularly on a concept paper
addressing currency exchange units' price policies and anti-trust
commissions' possible reactions to price surges.
"These measures are especially important in terms of attracting
resources from investors," the minister added.
http://www.tert.am/en/news/2015/01/30/varchapet-vachegabrielyan/1574334