ARSEN GHAZARYAN: THE CRISIS IS OVER, A LONGER STAGE OF OVERCOMING ITS CONSEQUENCES HAS STARTED
Nelly Danielyan
"Radiolur"
17.03.2010 17:08
The economic crisis is over, but a longer and more difficult stage
of overcoming the consequences of the crisis has started, Chairman of
the Union of Manufacturers and Businessmen of Armenia Arsen Ghazaryan
told a press conference today. He said several years would be necessary
to fully overcome the consequences of the one-year crisis.
Last year Armenian businessmen were looking for ways to overcome
the crisis, while today they are seeking for ways to overcome its
consequences, Arsen Ghazaryan said.
However, according to the Chairman of the Union of Manufacturers and
Businessmen, the crisis and its consequences are not the only reason
hindering the development of business in Armenia, Corruption greatly
affects the activity of the small and medium-sized businesses, he said.