MANASERIAN: IT’S TOO EARLY TO SPEAK OF STABILIZATION

Aysor
Feb 25 2010
Armenia

"Not only in Armenia, but everywhere in the world, the economical
situation is improving; however, it’s too early to speak of
stabilization," said Tatul Manaserian, Adviser to the Speaker of the
Parliament of Armenia on Economic Affairs.

"Armenian economy has opportunities to enter the phase of
stabilization. In my opinion, predictions for 2010 are moderate,
if only all the resources, including human, financial and so on,
wouldn’t be used."

According to Tatul Manaserian, 2009’s cutback of economic activity of
Armenia wasn’t only caused by the global crisis. He said that it’s
necessary to separate reasons for the crisis in Armenia and reasons
for the world financial crisis.

When asked about the pensions and reforms in this sphere, Tatul
Manaserian said: "All those reforms that can damage people must be
given to a stop. Reforms in sphere of pensions should be carried in
accordance with the age groups. We need time, as we don’t have enough
background. Most people are used to old system. So it’s necessary to
avoid shakes."