Armenia to invest in infrastructures for normal economic activities

YEREVAN, March 7. /ARKA/. Armenia will invest funds in the
infrastructures to ensure normal economic activities, RA Prime Minister
Tigran Sargsyan told reporters as he spoke of the RA Government’s
measures to oppose the global crisis.

`Our strategy is simple and clear. We will support all the
infrastructures that ensure the normal activity of the country’s
economy,’ T. Sargsyan said.

The second field is the support of small and medium-sized enterprises,
which are of importance for Armenia as socially-oriented enterprises.
The third is to ensure macroeconomic stability.

`This is a quite simple model of managing the situation. Of course, we
stated that social programs will in any case remain priority for our
budget, and there will be no cutting them down,’ Sargsyan said.

Moreover, the Armenian Premier stressed that the Government has raised
pensions and social payments by 14%, which will help the socially
vulnerable sections to survive the crisis.

T. Sargsyan said that, with a view to ensuring progress in Armenia, the
Competitiveness Council was formed last year. An All-Armenian Bank is
being founded to embrace the Armenian world.

`The principal thesis is that it is not the production of goods and
services, but mental work, that serves as a basis of present-day
society. This means that the entire social and20management systems needs
reforming,’ T. Sargsyan said. P.T. `0–