MINISTER BELIEVES THAT "THE LOUD PROMISES OF THE CANDIDATES ARE DANGEROUS FOR THE MACROECONOMIC STABILITY OF ARMENIA"

Mediamax
January 23, 2008

Yerevan /Mediamax/. The Minister of Trade and Economic Development
of Armenia Nerses Yeritsian stated in Yerevan today that the "loud
promises of the candidates are dangerous for the macroeconomic
stability in the country".

Mediamax reports that, speaking at a news conference in Yerevan today,
Nerses Yeritsian stated that "in case the promises on doubling the
budget and four-time increase of salaries are realized, we will get
high inflation".

"The task of the government is to establish in the society an
atmosphere of confidence for the authorities, and the loud statements
can only lead to new disappointments", the Minister stated.