PROVISION OF 8-10% GROWTH OF ARMENIA’S ECONOMY SERIOUS CHALLENGE

ARKA
September 17 2007

Provision of 8-10% growth of Armenia’s economy is a serious challenge
for the country, said Minister of Trade and Economic Development
Nerses Yeritsyan when summing up 100 days of work of holding the
Minister’s position.

"This bar voiced by Armenia’s Prime Minister Serge Sargsyan is a
serious challenge for the country and requires concrete efforts to
make corresponding decision," he said.

Armenia’s Prime Minister Serge Sargsyan pointed out in his interview
to the Armenian newspaper "Azg" that in Armenia there is no other
alternative than the maintenance of economic growth at the level of
8-10%. He believes that it is a difficult but real task to achieve
such results.

According to official data, starting from 2002 the growth of the Gross
Domestic Product (GDP) has been measured by double-digit figures
(in 2002 – 13.2%, in 2003 – 14%, in 2004 – 10.5%, in 2005 – 14%,
in 2006 – 13.4%). According to the Government’s program approved by
Armenia’s National Assembly on June 26, in the coming 5 years 8-10%
growth of the GDP is envisaged, which will allow Armenia in 2009 to
enter the group of countries with average income.

From: Emil Lazarian | Ararat NewsPress