ARKA News Agency, Armenia
Dec 26 2007
President: Armenia to have significant development of banking field,
it, metal mining industry
YEREVAN, December 26. /ARKA/. Due to the investments planned for
2008, Armenia will have significant development of the banking field,
IT, metal mining industry, said Armenia’s President Robert Kocharyan
during his traditional meeting with 60 big entrepreneurs, summing up
the results of the year.
The President’s press service told ARKA on Tuesday that Kocharyan
mainly pointed out that in the coming years investments of over half
billions dollars are expected in the field of metal mining industry.
He touched upon such important issues as overcoming the polarization
among various layers of society, as well as reduction of the
difference of development tempos between the capital and regions.
`During the recent year we have tried to be more attentive in this
issue. Many programs are developed to exclude possible deviations and
in the coming years we will try to reverse the situation on
practice,’ he said. He pointed out that program of further activities
is already known, however, the possibilities of resources are being
specified.
Kocharyan also touched the issue of monopoly on various goods markets
and pointed out that in this case the matter concerns economic
entities with dominating positions, and the non-entrance of new
entities in their field of activity is accounted for by psychological
factors, for the overcoming of which consecutive work is needed.
Talking about the problems Armenia faces under the influence of
global processes, the President treated the fluctuation of prices for
goods a priority issue accounted for by the rise of world prices for
oil and corn. `For the government it will be very important to
exclude the possibility of using these fluctuations as use of
non-competitive mechanisms in the economy,’ Kocharyan said. -0 –