ARMENIA STILL IN CRISIS, MP STATES

news.am
May 7 2010
Armenia

The economic results of the 1st quarter of 2010 showed favorable
tendencies, and 5.5% economic growth was registered as compared with
the corresponding period last year, Vardan Bostanjyan, a Prosperous
Armenia parliamentary faction member, told journalists on May 7.

"It does not mean we have overcome the economic crisis, but the growth
is a good prerequisite," he said.

According to him, the favorable tendencies are not at all the result
of receipts registered late last year, as the Opposition claims.

"The tendencies are not typical of the first months of the year,
which shows that they are stable," Bostanjyan said.