Panorama.am
16:11 26/12/2007
HALF BILLION DOLLAR INVESTMENT IN MINING INDUSTRY
The year 2007 is one of the successful years with its
indicator of 13.6 percent economic growth. The two
digit growth reported in the course of recent seven
year testifies that the reforms are effective and we
have stable and dynamically developing economy. I am
sure that we have real chances of two digit economic
growth in the coming 4-5 years. This was said by
President Robert Kocharyan while he described the
passing economic year during his traditional meeting
with more than 60 representatives of the business
community at the close of the year.
`The state budget is completely performed although we
increased it by 38 billion drams in the course of the
year. Even that surplassed budget is over-performed.
This enabled the state to fully meet its commitments
and solve very serious social issues,’ the head of the
country said.
In the words of the president, the capital
expenditures have gone up directed particularly to
infrastructure – road construction and water supply
system. There are serious chances to raise the old age
pensions and allowances.
Kocharyan said everything possible will be done so
that the citizens have the chance to improve their
housing and life conditions. The president mentioned
that the business community has its contribution to
all the success stories. He pinpointed to the relation
of partnership between the business community and the
government.
Speaking about next year expectations, the president
mentioned that the bank and information technologies
are going to develop. He also said developments are
expected in the mining industry. In the words of
Kocharyan, more than half billion dollars of
investment is expected in the mining industry in the
coming next years.
President press services report that Kocharyan also
spoke about the issue of monopolies saying they speak
about economic entities with dominant position. He
said the fact that new economic entities do not enter
into their field may be explained by psychological
factors, also saying consistent work must be done to
overcome that.
Kocharyan also spoke about the presidential elections.
He assured that everything will be done so that the
political developments have no negative impact on the
field of economy, saying such experience was observed.
Source: Panorama.am