PRESIDENT: ECONOMIC GROWTH IN ARMENIA TO CONTINUE DURING NEXT 3-5 YEARS AT THE LEAST

ArmInfo
2007-05-30 12:26:00

Economic growth in Armenia will continue during the next 3-5 years at
the least, RA President Robert Kocharyan said at today’s session of the
Nuclear Energy Security Council. He said the economy of Armenia was
stably developing since the last session of the Council in October,
2005. He added that 12,5%-growth of economy was observed in the
republic over the past 6 years. The president also said that the rates
of GDP growth in 2007 "run" nearly with the same indicators. In his
speech, R. Kocharyan placed special emphasis on the reforms without
which the economy growth would be impossible. In particular, active
reformation of economy, the educational and social spheres is going on.

Moreover, the second stage of reforms in the court-legal system
has started.

The president recalled that Armenia has been included in the Policy of
"New Neighbourhood" of the European Union, the Actions Plan has been
adopted, aimed at reformation of the Armenian society. Big projects
started with Russia in energy, which have entered the implementation
stage. A three-lateral project in energy is carried out with Iran
and Georgia. Negotiations have started for implementation of other
energy projects. Moreover, fulfillment of projects with the USA have
begun within the frames of the "Millennium Challenges" Programme,
that will also positively affect the economic situation in Armenia,
RA President said.