mediamax, Armenia
March 25 2010
Armenian ex-premier says export stimulation to overcome crisis
Export stimulation is the only way out of the current economic
situation in Armenia. Mediamax reports that former Prime Minister of
Armenia Hrant Bagratyan said this at a news conference in Yerevan
today.
According to him, "the country should earn currency, and this is
impossible without production". He stressed that export of Armenian
production is hindered by domestic importers.
Hrant Bagratyan also touched upon the situation with the exchange rate
of the national currency. According to him, tendency of armenian dram
depreciation against US dollar will be preserved till the end of the
year. "In these conditions, the steps of the Central Bank of Armenia
are dangerous and deal a blow to the entire banking system", ex-Prime
Minister stated.
Hrant Bagratyan also noted that if the Armenian government takes up
realization of "100 Steps" program of the oppositional Armenian
National Congress, personally he will renounce struggle for shift of
power.