ARMENIA’S HIGH ECONOMIC GROWTH STILL DOES NOT CONTRIBUTE TO CREATION OF A GREAT NUMBER OF JOBS IN ARMENIA, UMB(E)A EXPERT SAYS

Noyan Tapan
Dec 12 2007

YEREVAN, DECEMBER 12, NOYAN TAPAN. The high economic growth registered
from year to year in Armenia still does not ensure a great number
of jobs, as, in particular, the mechanisms of conducting the policy
of youth’s employment are weak. Economist Anastas Aghazarian said
this at the December 12 conference, presenting the study conducted
jointly by the Union of Manufacturers and Businessmen (Employers)
of Armenia and the Center for Independent Analyses, Productivity,
and Competitive Capacity Fund.

According to the study results, the youth is not psychologically ready
for quickly integrating into labor market in conditions of market
economy. And as A. Aghazarian mentioned, the bureaucratic system, the
limited financial resources and credits hamper young specialists to
promote entrepreneurial activity. In his words, in spite of large-scale
reforms implemented, country’s business atmosphere still needs to be
improved. The UMB(E)A has much to do in the respect of involving the
youth in business.