SERZH SARGSYAN: CRISIS IN ARMENIA HAS SOME PECULIARITIES

12:01 10/04/2009
Source: Panorama.am

World financial-economic crisis has had its impact on Armenia, but
with some peculiarities, said the President of Armenia Serzh Sargsyan
in his interview given to Russian `Vesti’. Regarding the reporter’s
question on the financial crisis and its impact on Armenia the
President said that there is a huge Armenian Diaspora as two third of
Armenians leave abroad. The number of transfers in the USA, Europe and
Russia has been significantly reduced which the Armenians living
abroad used to send to their relatives. And the second, people who
were working, for example, in Russia stayed at hope because of mass
unemployment everywhere. To the question what the `peculiarities’ of
Armenian anti-crisis strategy are the President answered: `I don’t
think that our anti-crisis strategy differs from the strategies of
other countries. Of course, we have limited opportunities to use if
compared with the U.S., Europe or Russia. But we are trying to support
the national producers, those whose profit has been reduced but they
should run their businesses.’