DIASPORA LEADER CONCERNED ABOUT PROSPECTS FOR ARMENIAN ECONOMY

Mediamax
Oct 17 2008
Armenia

Yerevan, 17 October: President of the Union of Russia’s Armenians (URA)
and the World Armenian Congress (WAC) Ara Abramyan expressed concern
today in connection with the possible influence of the international
financial crisis on Armenia.

Mediamax reports that, speaking at a news conference in Yerevan today,
he stated that the crisis, which has hit the USA and EU countries,
may not avoid influencing Armenia.

"We should pay more attention and make more efforts, since the
situation is really complex," Abramyan stated.

URA and WAC president admitted that as to many issues he is not
concordant with the policy, realized by Armenian authorities, and is
not content by the economic situation in Armenia. He spoke for stirring
up the process of attracting foreign and Russian investments into
the Armenian economy and expressed readiness to invest 150m dollars
and create new jobs. In particular, he meant the construction of a
hotel in Yerevan and a cannery in Vayots Dzor marz.