RESULTS OF GOVERNMENT’S ANTICRISIS MEASURES ALREADY NOTICEABLE IN ARMENIAN ECONOMY

Noyan Tapan
July 22, 2009

YEREVAN, JULY 22, NOYAN TAPAN. The results of the anticrisis measures
taken by the government are already noticeable in the Armenian economy,
RA Prime Minister Tigran Sargsyan stated during the July 21 visit to
Aspar Wild Tour company. In his words, these results are first of all
evident thanks to the programs implemented in construction sector:
construction volumes grew by 230% in a month, due to which there has
been an improvement in the economic indices.

The commodity turnover has increased to some extent. The decline is
the agricultural sector is still continuing, which is also conditioned
by the season. T. Sargsyan expressed a hope that there will be higher
growth rates in agriculture in August. According to him, the extent
of the decline was smaller than expected.

T. Sargsyan said that the economic slump trends are expected to end
in late 2009. Some deceleration in the slump can be expected from
this month. "Our anticrisis program is quite simple, and we should
be consistent in its implementation," the prime minister stated.