ARMENIAN GOVERNMENT GETTING READY TO MEET NEW ECONOMIC CHALLENGES
ARKA
Nov 13, 2008
YEREVAN, November 13. /ARKA/. Armenia’s government is taking extra
precautions to tackle new economic challenges, RA Prime Minister
Tigran Sargsyan said during Wednesday’s parliamentary session.
"Fortunately, the first wave of crisis has passed Armenia’s financial
system, but we have to meet new challenges, as an economic slowdown
usually follows a financial crisis," the premier was quoted saying.
The prime minister has charged to set up a commission to discuss
business proposals. "We will announce bids for those programs in
order to fulfill business objectives and provide job placement
opportunities," Sargsyan added.
The government will offer state guarantees for enterprises. "The
government will have a share in the capital enterprises, so that it
can have a clear idea of their business programs and control them," the
prime minister said, adding this can help local business avoid losses.
"Following the example of developed countries, we will increase
subsidies to the private sector in order to meet possible challenges,"
Sargsyan continued.
The government will make public all those programs, according to
the premier.
"Unfortunately, we have few business programs," Sargsyan said, adding
a few months ago the government charged the governors to study business
environment in their regions.
"We have asked the National Academy of Science to make its own
suggestions," Sargsyan said.
The commission under the prime minister’s supervision will try to
find practical and effective solutions to existing problems.