ARMENIA ENTERS STABILIZATION AND RECONSTRUCTION STAGE

news.am
March 31 2010
Armenia

"We have entered a stage of stabilization and reconstruction, and
our task is to restore our pre-crisis potential as soon as possible
and reconstruct the economy," RA Minister of Finance Tigran Davtyan
told reporters on March 31.

"That is, we want to return to the pre-crisis situation not only
politically; we want to carry out certain structural changes. So
whether we have or have not overcome the crisis – it is a somewhat
rhetorical question. It depends on what we mean by this," Davtyan said.

As to when the "stabilization and reconstruction" stage is over,
the Minister said: "I think it is a matter of 12-18 months, from
today. If the current rate is maintained, it will happen before the
end of next year. We can also speak of general recovery. In some
cases it will be quicker, in others slower."