ARMENIAN INDUSTRIAL GIANTS WERE PREPARED FOR TRANSITION TO FLOATING RATE

PanARMENIAN.Net
04.03.2009 22:52 GMT+04:00

/PanARMENIAN.Net/ Armenia’s industrial giants were ready for the
transfer to the floating exchange rate policy and were forming their
activity programs accordingly, RA Prime Minister Tigran Sargsyan
stated.

The country’s government support to entrepreneurs providing means
for overcoming temporary difficulties. "The preference is given to
the companies offering multiple job opportunities, with significant
export potential and good market for their production," he stated,
adding that the situation room has been set up to consider dozens of
business programs and their possible financing.

Commenting on current economic situation, Sargsyan noted that he is
rather optimistic about the future, citing statements of WB experts
on the positive aspects of Armenian economy, conditioned by effective
of macroeconomic policy , low external debt and financial sector
stability.