PRIME MINISTER STATED THAT THE INTERNATIONAL PROCESSES OBLIGE TO CONCRETIZE THE VISIONS ON THE PLACE OF ARMENIA IN THE WORLD ECONOMY

Mediamax News Agency, Armenia
Nov 13 2007

Yerevan, November 13 /Mediamax/. Armenian Prime Minister Serzh
Sarkisian stated in Yerevan today that the "complex international
economic processes have direct influence on the situation in our
country and oblige to concretize the visions on the place of Armenia
in the international economy".

Mediamax reports that the Prime Minister said this, presenting in
the parliament the draft state budget of Armenia for 2008.

"We should get concentrated on the vision of future and not scatter
our possibilities in the discussions of the mistakes, which were made
in the past", the Prime Minister stated.

Serzh Sarkisian noted that the Armenian economy is under the influence
of complex processes in the world economy – the situation on the
secondary mortgage market in the USA, the abrupt decrease of rates,
the abrupt decrease of the dollar rate concerning other currencies, the
cessation of subsidizing of agriculture by the EU, the unprecedented
growth of world prices for fuel and foodstuffs.

Talking about the neighbors of Armenia in the region, the Prime
Minister stated that Azerbaijan positions itself as a country of
raw materials, "and it is obvious that the oil industry considerably
influences all the spheres of the life of the country".

"Georgia, which has a favorable geographic location, forwards ambitious
political and economic development programs", Serzh Sarkisian stated.

"It is obvious that in present geopolitical and economic realities
the main basis for Armenia’s development is the human potential", the
Prime Minister stated, stressing that he implies the human potential
of all Armenians around the world.