THE ARMENIAN DEVELOPMENT AGENCY CJSC COUNCIL MET AT THE OFFICE OF GOVERNMENT, CHAIRED BY COUNCIL HEAD, RA PRIME MINISTER TIGRAN SARGSYAN

Fri day, 16 January 2009

The council discussed and approved the ADA action plan for 2009. In
presenting the action plan, ADA General Executive Director Robert
Harutunyan noted that based on the previous meeting’s assignments,
the character of the projected actions was revised and the plan
now incorporates such specific actions as have clear objectives
and targets, as well as persons responsible for implementation. The
proposed document comprises interesting investment proposals which are
to be finalized subsequently. According to him, these actions will
boost investments and exports, improve the business and investment
environment. They are also aimed at upgrading and further developing
the IT sector in Armenia.

Under the action plan, exports will be stimulated by assisting
export-biased enterprises with the development and implementation of
development-oriented and marketing projects, drafting and execution
of new export-related projects, as well as by means of studies carried
out on domestic and foreign market demands and enterprises.

As presented by the ADA General Executive Director, Armenia’s IT
sector will be upgraded through continued efforts exercised within the
domestic business and IT communities inclusive of the working groups
in order to identify the existing barriers, estimate the possibilities
for their removal and formulate corresponding proposals. All this will
be discussed within the Business Support and IT Development councils.

In conclusion, the meeting discussed and approved the ADA estimate
of expenditures for 2009.