N. Yeritsyan: "Armenia Overcame First Wave Of Crisis"

N. YERITSYAN: "ARMENIA OVERCAME FIRST WAVE OF CRISIS"

Panorama.am
17:07 24/12/2008

Armenia managed to overcome the first wave of financial-economic crisis
first because Armenian banking system is not drawn into international
risks of banking and the second, financial and banking systems are
under control in Armenia, said the Minister of Economy Nerses Yeritsyan
in a press conference.

The financial-economic crisis in developed countries has not reached
its top yet. According to the experts, it will reach its top in the
following year.

The Minister said that the Government takes every measure to over
come the negative impacts of the crisis.