ARMINFO News Agency, Armenia
 Tuesday


Tatul Manaseryan: Significant revival and growth of Russian economy
have beneficial impact on Armenia's economy

Yerevan October 24

Tatevik Shahunyan. The significant revival and growth of the Russian
economy has a beneficial effect on the Armenian economy. Economist
Tatul Manaseryan expressed this opinion during the round table "The
Role of the Expert and Educational Community of Armenia in the
Development of Eurasian Economic Integration", adding that the
Armenian economy is gradually emerging from the protracted process of
slow and low growth.

"This is not just about transfers, but also about the possibilities
for increasing investment, and as a result - increasing jobs and
increasing incomes of the population. "These opportunities can be
multiplied by effectively implementing the command competitive
advantages of the countries of the Eurasian Economic Union," the
expert said adding , that difficulties remain in the interaction
between the EAEU countries.

As a proof of his words, he cited statistical indicators. So,
according to the expert, in January - September 2017, in comparison
with the same period of the last year, business activity grew by 5.1%,
but at the same time, there were also negative trends in the Armenian
economy - there is a decline in construction, a decline in the volume
of agricultural production, etc. "According to the estimates of the
Ministry of Finance, high economic activity for eight months and
further trends make it possible to expect that in 2017 Armenia will
complete with economic growth in the corridor 4-4.8%," he said.
According to Manaseryan, Armenia's foreign trade turnover is also
growing at a rapid pace - in the nine months of 2017, this indicator
increased by21.7%, while the growth of exports of goods and services
from Armenia amounted to 19.1%, while imports increased by 23.2%.

"It is difficult to find common ground in the segment of states that
do not have complementarity in terms of the production chain, for
example, Armenia and Kyrgyzstan are not connected by chains, but today
the competition between representatives of Armenian and Belarusian IT
for the market of Kazakhstan and Kyrgyzstan is actively developing,
the marked competition will be fragmented taking into account that the
Armenian niche is a high-tech service of production complexes the
cooperation between Armenia and Kazakhstan, because there is a need to
develop such processes, unlike Kyrgyzstan," he stressed.

In Manaseryan's opinion, that the establishment of a free trade zone
between Iran and Armenia serving all the countries of the EAEU is of
great importance, in order to implement the advantages of cooperation
and cooperation. He said that many Russian companies are already
inclined to invest in this zone, it is interesting for Russian
business circles to participate in the work of this zone, as the
potential of not only bilateral cooperation between Russia and Armenia
but also a multilateral one with the potential to enter the Iranian
market is visible. "This cooperation is promoted by active trade and
economic ties between Armenia and Iran, Armenia registered an
unprecedented growth of exports to Iran in the first eight months of
this year - about 11.2% and will receive additional benefits." This is
an unprecedented growth, because for all the years of such growth in
Armenia According to the National Statistical Service of Armenia, in
January-August of 2017, Armenia's exports to Iran amounted to $ 54.8
million, an increase of 11.2% over the same period of last year. m, we
can say that the Armenian economy is gradually emerging from a
protracted process of slow and low growth", summed up Manaseryan. It
should be noted that the roundtable was organized by the Eurasian
Economic Commission, the Eurasian Expert Club, the Research and
Analytical NGO "Integration and Development" and the Noravank
Foundation.