TIGRAN SARGSYAN: ARMENIA CAN FINISH 2009 WITH MINIMAL LOSSES

/PanARMENIAN.Net/
25.12.2009 15:25 GMT+04:00

/PanARMENIAN.Net/ The year of 2009 was full of difficulties, but
Armenia proved capable to finish it with minimal losses, Prime Minister
Tigran Sargsyan said.

"The global crisis could not bypass Armenia. It bared the weaknesses of
the republic’s economy and taught useful lessons: to be more resolute
in carrying out reforms, economic diversification and creating
equal conditions for competition," he said, summing up the results
of government’s activities in 2009. "Although repeatedly criticized,
the government’s anti-crisis program was recognized as effective by
international organizations."

PM Sargsyan also dwelled on omissions, in particular, the slow pace
of reforms and delayed establishment of relevant institutions.