ARMENIA TO OVERCOME CRISIS IN 2010

PanARMENIAN.Net
May 21, 2010 – 14:14 AMT 09:14 GMT

French Minister of Economic Recovery Plan and President of the
General Council of Hauts-de-Seine department Patrick Devedjian said
that although the global crisis has affected Armenia’s economy,
the republic will overcome the depression in 2010.

"Today, Armenia is still affected by the crisis, which resulted in
suspension of a range of construction projects. However, I believe
that Armenia will start recovering in 2010," Devedjian told a press
conference in Yerevan on May 21.

"Armenia has recorded a considerable progress as compared with my
first visit in 1991," Devedjian said, adding that some activation is
observed in economy, as the Armenian nation has always been remarkable
for its spirit of enterprise and diligence.