RA CB Chairman: Armenia Not To Be Able To Keep Present High Economy

RA CB CHAIRMAN: ARMENIA NOT TO BE ABLE TO KEEP PRESENT HIGH ECONOMY RATES IF STRUCTURE OF REPUBLIC’S NATIONAL ECONOMY DOES NOT CHANGE

Yerevan, December 20. ArmInfo. Armenia will not be able to keep the
present high rates of economy if the structure of the Republic’s
national economy does not change, RA CB Chairman, Tigran Sarkissyan,
said at today’s Round Table devoted to the creation of a Center of
productivity and competitiveness in the Republic.

According to him, to qualitatively change the structure of the
country’s national economy, it is necessary, first of all, to accent
the attention on the development of intellectual abilities of the
nation. An army of managers, able to increase the productivity and
competitiveness of the Armenian economy both in the home and foreign
markets, should be created. The CB Chairman called up the businessmen
to increase the level of knowledge and working skills as to regulate
the modern production.

By T. Sarkissyan’s forecasts, many enterprises of Armenia will close
within the next 5-7 years if they cannot organize the production of
new more competitive goods and services. He supported the creation of
more favorable conditions for the development of entrepreneurship and
export. At the same time, T. Sarkissyan does not accept the proposals
of some Armenian exporters to fix the Armenian dram to the American
dollar as to avoid its further strengthening and, thus, reduce the
profit from export. He noted that the dram is strengthening since
the country’s economy is growing.