"CRISIS WILL NOT CREATE MASS UNEMPLOYMENT IN ARMENIA," EXPERT SAYS

Panorama.am
16:06 22/01/2009

In recent period the topic of world financial-economic crisis and
its impact on Armenia has been much spoken about. Public is more
concerned with the previsions of mass unemployment.

What do our experts think of it? Anahit Melqumyan of the Yerevan State
Economic University told to Panorama.am that the impact of the crisis
will not be as deeper as some people think.

"The impact of the crisis can not be so deep to create mass
unemployment as it does in other countries. Of course, Armenian
market is a part of it, but it is not a big one and we are not so
much integrated into it. Besides we have learnt to keep ourselves in
the years of blockade," she said.

What are the aspects the crisis can have its impact of
unemployment? Melqumyan says that it has had already its impact on
mining (Kapan, Agarak and Lori) and in chemistry (Nairit). According
to her probably construction, real estate will be also damaged.

The economist says that transparency in tax service could contribute
to ease the tension of the crisis. She says she is sure that the
measures taken by the Government bodies will improve the situation.