ECONOMIST IS BOTH SATISFIED AND DISSATISFIED WITH THE GOVERNMENT’S ANTI-CRISIS PROGRAM
Hasmik Dilanyan

"Radiolur"
31.07.2009 17:43

Economist Tatul Manaseryan is both satisfied and dissatisfied with
the anti-crisis program of the Armenian Government. The discontent is
connected with banks and high interest rates. They get low-interest
loans from the state and provide them to small and medium-sized
businesses at a higher rate.

"Actually, with great difficulty the state attracts credit resources.

The banks take them and establish connection with companies. Sound
economic competition is not yet characteristic of our country, although
we cannot but stress the steps taken by the State Commission for
the Protection of Economic Competition and the Government," Tatul
Manaseryan told a press conference today.

The economist is concerned that the volume of imports will continue
growing with thevolume of exports going down.