Armenian premier: It is for the first time over several last years that
economy falling was registered in Armenia in January

2009-03-13 19:09:00

ArmInfo. It is for the first time over several last years that economy
falling was registered in Armenia in January, Armenian Prime Minister
Tigran Sarkisyan told journalists.

He also added naturally economy falling reflected indices of the tax
revenues, which is connected with worsening of the export-import
indexes. Unfortunately, the predictions on quick overcoming of the
world financial crisis did not justify themselves. `Today we do not
have a strict position on the matter when to expect ending of the world
crisis’, – the premier said and added that on the basis of assessments
the restoration stage will begin at the end of 2009 and we have to wait
for stable development of economy in 2010. As for Armenia, Sarkisyan
mentioned the programmes which will be financed by international
financial institutions. First of all, he means financing of the real
sector of economy – road construction, agriculture investments,
crediting of small and medium-sized business. A part of the Russian
credit $500 mln will be directed to financing of programmes of small
and medium-sized business, which will also lead to activation of
economy. `We have to do everything possible to receive the funds as
soon as possible. This will make it possible to start fulfillment of
the programme as soon as possible’, – Sarkisyan said.