PRESIDENT OF ARMENIA: GLOBAL ECONOMIC CRISIS NOT TO REDUCE INTERNATIONAL ROLE OF SOUTH CAUCASUS REGION

ArmInfo
2009-02-09 13:06:00

ArmInfo. The global economic crisis will not reduce the international
role of the South Caucasus region, President of Armenia Serzh Sargsyan
said at the 45th Munich Security Conference.

‘I think the crisis and the moral drawn will make the region to pass
to the more efficient models of energy and transport development’,
the president said, as Armenian presidential press service reported. He
also added if it was possible to make decisions in the past, apparently
non-optimum from the economic viewpoint, forgetting that a straight
line is the shortest distance between the two points, and to spend
billions to meet some ambitions, development of the irrational regional
projects under the conditions of dropping in prices for the energy
carriers and restriction of the economic activity in the world will
become less probable. ‘Naturally, under the developed conditions,
the ‘economic activity’ factor will acquire a new force, and it will
be impossible to make "cabinet decisions" on creation of the new
communication ways under the conditions of the existing ones.