ARMENIAN GOVERNMENT UNDERTAKES MEASURES TO OVERCOME CONSEQUENCES OF FINANCIAL-ECONOMIC CRISIS

Noyan Tapan

Dec 4, 2008

YEREVAN, DECEMBER 4, NOYAN TAPAN. Within the frame of work to overcome
the negative consequences of the global financial-economic crisis,
instructions were given to all the ministries, departments and regional
administrations, as well as a request-proposal was submitted to the
National Academy of Sciences so that the indicated structures will
present proposals on business development, and indentify the current
economic potential and programs which can be implemented with the
government’s assistance. The RA prime minister Tigran Sargsyan stated
this at the December 4 sitting of the government. A commission was
set up to coordinate this work. The commission is headed by the
prime minister.

According to T. Sargsyan, all the departments and ministries were
instructed to summarize the proposals received from the private
sector. The proposals will have two directions: one is that enterprises
should have skilful and well-trained management that will present
definite programs with the desription of all existing difficulties
and the proposals on how the state can help these enterprises overcome
the difficulties. The second direction is that if an enterprise lacks
the respective level of management, the state should help it develop
and implement business programs. In this connection, as the prime
minister said, the participation of the state in such enterprises
is no ruled out, thanks to which the state will get some levers for
efficient implementation of the indicated programs.

"That is, all the instruments we propose are very flexible and
multiform. We expect the private sector to also make efforts for
getting prepared to overcome all the negative consequences, while
the state has enough opportunities and resources to help them,"
T. Sargsyan said.