ARMENIA FOCUSES ON DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESSES
Mediamax
Jan 23 2008
Armenia
Yerevan, 23 January: Armenian Minister of Trade and Economic
Development Nerses Yeritsyan said today in Yerevan that "our major
goal is to ensure global competitiveness of Armenian economy".
While speaking today at a news conference on the results of the last
year, Yeritsyan said that the economic growth in 2007 was "impressive",
the Mediamax news agency reports.
"The aggregate industrial growth made 108.8 per cent in 2007, and
the growth of machine building, chemical and mining sectors was over
20 per cent, which was at large conditioned by the macroeconomic
stability in the country," the minister said.
Yeritsyan said that the level of inflation in Armenia is the lowest
in the region.
The minister said that in 2008 the major directions of the ministry’s
activities will be aimed at improvement of business environment
in the country, development of the chemical and mining branches,
machine building, development of the information technologies sector
and tourism.
Yeritsyan said that meanwhile the small and middle-sized business
should be momentum of Armenian economy and improvement of conditions
for its development is one of the vital problems of the ministry.
"Armenia’s prime minister spoke about the possibility of increasing
the share of small and medium enterprises in the country’s economy
up to 60 per cent. Those should be definitely dynamically developing
enterprises, which aspire to reaching foreign markets," Yeritsyan said.
From: Emil Lazarian | Ararat NewsPress
