president.am, Armenia
Dec 30 2009

President Serzh Sargsyan participated at the New Year reception of the
Central Bank

Today, President Serzh Sargsyan participated at the New Year reception
of the Central Bank.

Summarizing activities and achievements of the banking area in 2009,
the Chairman of the Central Bank Arthur Javadian said that in
economy-wise year 2009 was full of challenges and controversies. `It
revealed strong as well as weak sides of our economy, steps that need
to be taken and achievements.’

`Overall, the Government and the Central Bank have been able to
correctly assess the advantages and disadvantages of the Armenian
economy, possible threats and probable repercussions of the crisis,
which allowed to emerge with minimal losses.

`The crisis is not over yet, we have plenty to do in 2010, but I am
confident that working together and efficiently we will be able to
overcome difficulties,’ said the Chairman of the Central Bank.