ARMENIA TO OVERCOME GLOBAL CRISIS FIRST: DAVTYAN

news.am
Nov 19 2009
Armenia

Armenia will be first to overcome consequences of global crisis and
restore its economy, RA Finance Minister Tigran Davtyan said speaking
at the National Assembly.

According to him, Armenia was hit by global crisis later than other
states and will be capable to overcome it faster, despite the heaviest
economic slump rate registered in the country. "However, the economic
recession rate is a technical indicator that reflects only technical
aspect of the situation," Minister said, adding that irregardless
the crisis, the two-digit wage raise was recorded in Armenia in 2009.

Tonight, November 19, RA National Assembly special session aimed at
summarizing the discussions on 2010 draft budget will take place.