TROIKA DIALOG: ARMENIA HAS GOOD DEVELOPMENT PROSPECTS BUT IT MUST BE ABLE TO OVERCOME OWN WEAKNESSES AND HARD EXTERNAL CIRCUMSTANCES

ArmInfo
05.03.2010

ArmInfo. The industry of Armenia is undergoing transformation and
modernization in conformity with new realities, Chairman of the
Board of Directors of Troika Dialog Ruben Vardanyan said during a
press-conference today.

This process is not over and there is room for improvement. Vardanyan
hopes that Armenia has overcome the hardest times: decline of key
economy sectors.

As regards IT and tourism development, Vardanyan pointed out the
importance of attracting people ready to spend their money not
only on rest. "You should find correct models. For example, medical
tourism can foster Armenia’s development. Current projects can be
quite attractive for investors. Armenia has good prospects for normal
development, simply, it must be able to overcome its own weaknesses
and hard external circumstances," Vardanyan said. He pointed out that
the possible opening of the Armenian-Turkish border may bring about
serious economic changes.