RA PRESIDENT: I DON’T THINK THAT CRISIS IS FATAL

PanARMENIAN.Net
10.04.2009 10:44 GMT+04:00

/PanARMENIAN.Net/ The economic crisis spread over Armenia as well. But
here it has acquired a specific character, Armenian President said.

"In fact, two thirds of Armenians live abroad and render financial
assistance to their kin in Armenia. As result of the crisis, foreign
transfers have decreased," Serzh Sargsyansaid in an interview with
Vesti 24.

Asked about the government’s anti-crisis plan, President Sargsyan said
that it hardly differs from the plans developed by other states. "Of
course, we have less opportunities that the United States, Europe or
Russia but we will try to support our manufacturers. We seek loans
from international structures and I would like to thank Russia for
the stabilization loan which will help create job opportunities and
launch social projects," he said.

"Crisis is not fatal. It not only causes problems but also offers
new opportunities," he said.