GOVERNMENT APPROVES CONCEPT OF INNOVATIVE ACTIVITIES IN ARMENIA

YEREVAN, January 21 (Noyan Tapan). At the January 20 session, the RA
government approved the concept of innovative activities in
Armenia. The principles and approaches of the innovative policy
implemented by the government are stipulated in the concept. The
adoption of the concept and the Law on State Assistance for Innovative
Activities in Armenia developed on its basis will promote the
formation of a knowledge-based economy, the stable and secure
development of the country, the process of integrating into the global
economic system and rationalizing the use of natural and intellectual
resources, it will increase the competitiveness of the Armenian
economy and, as a result of all this, become one of the stable
guarantees of reducing poverty in the country and ensuring an
appropriate standard of living for the people. According to the RA
government’s Information and PR Department, the RA Minister of Trade
and Economic Development was assigned to develop and submit to the
government for approval, within 6 months, the 2005-2010 Program on
Creation and Development of the Innovative System in the RA.