Global economic crisis offers Armenia a chance to import cheap
industrial equipment
2008-11-21 21:09:00
ArmInfo. The global economic crisis is offering Armenia a chance to
import cheap industrial equipment, economist Tatul Manaseryan said
during a discussion of liberalization of Armenian economy today.
He said that dropping equipment prices mean shrinking productions in a
whole number of countries, including potential economic rivals of
Armenia. So, this situation may benefit Armenia. Economic crisis is a
signal for any country that it must modernize its production. "We must
hurry up. Our Government must play an active role in this process.
Particularly, we need tax concessions for high-tech products,"
Manaseryan said.