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When Will Armenia Keep In Line With European Standards?

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  • When Will Armenia Keep In Line With European Standards?

    WHEN WILL ARMENIA KEEP IN LINE WITH EUROPEAN STANDARDS?
    By Ara Martirosian

    AZG Armenian Daily
    04/07/2006

    The recent seminar held at Congress Hotel was dedicated to Armenia's
    prospects for European integration and the economic relations between
    Armenia and Europe.

    Tigran Jrbashian, head of the Yerevan office of the Center for the
    Armenian-European Economic Policy and Legal Consultations, was the
    first to hold a speech at the seminar. He represented the indicators
    that Armenia has currently achieved, as well as the indicator that is
    still ahead until 2008 and 2015, according to the agreement signed
    between Armenia and EU. He pointed out the volume of the per capita
    gross production that currently costs $600, while in 2015 it should
    amount to $ 2700. He also touched upon the correlation of the export
    and the gross production volumes. At present, Armenia's export makes
    19,5%, while in 2015 it should total to 36,4%. According to several
    indicators, in particular, the liberation of economy and the low
    inflation level, Armenia keeps in line with the European standards. As
    for the economic competitiveness indicator, there is still much to do
    in Armenia, as it will hardly manage to meet the European requirements
    by 2015.

    Vahagn Ghazarian, head of the relevant department at RA Trade and
    Economic Development Ministry, represented the Armenian-European
    Economic Relations, and the indicators that define the current
    situation in this sphere. In particular, he said that Armenian
    foreign trade turnover currently amounts to $2 billion 718 million,
    while the annual trade turnover with EU makes $1 billion 33 million.

    From: Emil Lazarian | Ararat NewsPress
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