ARTSVIK MINASYAN ESTIMATED ARMENIA’S ANTI-CRISIS PROGRAM AS UNSATISFACTORY

PanARMENIAN.Net
20.08.2009 15:51 GMT+04:00

/PanARMENIAN.Net/ Armenian authorities must revise their anti-crisis
program since inadequate policy in the sphere of eliminating crisis
impact will not lead to progress.

Armenian authorities must revise their anti-crisis program since
inadequate policy in the sphere of eliminating crisis impact will not
lead to progress, ARFD parliamentarian Artsvik Minasyan told today a
news conference in Yerevan. Although, Premier Tigran Sargsyan denied
possibility of country’s facing crisis, it became so obvious in the
course of time that it was already pointless to conceal it, MP said.

"Demand and purchasing capacity have dropped," Minasyan said, stressing
the importance of increasing salaries and social allowances to ensure
high demand.

"If we take the 5-point scale, my assessment on anti-crisis program
is on the level of 2," Armenian MP noted, stressing that authorities
do not properly distribute resources in the sphere of assisting rural
economy. In that regard, he brought the example of Baghramyan village
(Armavir province) which has excessive soil needing more water in
comparison with other areas. But because by government decision
water in villages should be distributed in equal quantities, the
village is facing problems. "As a result of such misdistribution,
people have found themselves on the brink of downfall," Minasyan said.

Armenian MP anticipates 20 vs. 50% of economic decline, considering
that Russian economy is in for the second wave of crisis. And since
Armenian economy is greatly dependent on Russia, such decline will
also negatively affect Yerevan, he noted.