UNION OF MANUFACTURES OF ARMENIA OFFERS ANTI-CRISIS PROGRAM

PanARMENIAN.Net
06.03.2009 17:13 GMT+04:00

/PanARMENIAN.Net/ "Around a year ago we forecasted that Armenia was
under the risk of dram devaluation that would have a negative impact
on manufacturers and bring to production volume decrease," the Head of
Armenian Manufacturers Union Vazgen Safaryan told a news conference on
Friday. "According to 2008 data, import volume in Armenia amounted
to AMD 4,4 billion and export volume – less than AMD 1 billion,
i.e. the imports exceeded exports by 35%. Still, the weakening of
dram is an insufficient condition for local output improvement. The
Armenian government policy has to be changed to improve the country’s
economic status."

The Head of Armenian Manufacturers Union offered his own crisis
solution. "The new governmental policy should aim at creation of new
job opportunities. The international financial structures investments
should be employed for construction works at: Armenia-Iran railway,
Armenia -Batumi highway and the new NPS. Our short-term plans should
include strengthening of rural sector," Vazgen Safaryan stated.