AGRICULTURE IS THE MOST RISKY INDUSTRY OF ARMENIA’S ECONOMY

/PanARMENIAN.Net/
22.05.2009 16:43 GMT+04:00

/PanARMENIAN.Net/ Agriculture is the most risky sphere in Armenia,
told Gagik Minasyan, chairman of the NA Standing Committee on
Finance-Credit, Budget and Economic Affairs and deputy from RPA. "Risky
spheres are financed at high interest rates, in addition to it the
world economic and financial crisis has worsen the situation", he said.

According to Mr. Minasyan, small farmers are not subject to heavy tax
burden in Armenia. However, crediting of the agriculture industry,
particularly processing enterprises at high interest rates does not
promote the development of the industry, said Mr.Minasyan.

According to him, certain problems may appear related to shortage
of circulating assets for processing enterprises. Some measures
should be undertaken in order to create favorable conditions for
their operation. Mr. Minasyan informed, that Armenia’s government in
the framework of anti-crisis program provides with state guarantees,
funds or even becomes a stakeholder. "Agriculture is in the limelight
of Armenia’s government," concluded ^S038: Minasyan.