MP FROM REPUBLICAN PARTY OF ARMENIA: ECONOMIC CRISIS TO DIRECT FINANCIAL FLOWS INTO REAL SECTOR OF ARMENIA’S ECONOMY

ArmInfo
2009-02-03 17:12:00

ArmInfo. The economic crisis will direct financial flows to the real
sector of Armenia’s economy, Armenian MP from the Republican Party
of Armenia faction, Chairman of Standing Parliamentary Commission
for Economic Issues Vardan Ayvazyan told journalists, Tuesday.

"The crisis will become good means for transition of virtual capital
to real ground",- Ayvazyan said. He added that the crisis arose as a
result of abusing money flows by financial companies and circulation
of huge amounts outside the real sector. "Though Armenia didn’t have
to experience such shocks due to the undeveloped financial market,
nevertheless, this should become a warning for us: the current
financial means in economy shouldn’t be an aim in itself, they should
serve the real sector", – Ayvazyan said.