RA PRIME MINISTER OPTIMISTIC ABOUT INDUSTRIAL PRODUCTION GROWTH IN ARMENIA
YEREVAN, DECEMBER 22, NOYAN TAPAN. The RA Prime Minister Andranik
Margarian is optimistic about the issue of industrail production growth
in the country, which he substantiates by the increase in production
of several big and medium enterprises. He stated this at the December
22 meeting. Responding to NT correspondent’s question what steps the
government will take to promote industrial developemnt, he noted that
the company RusAl-ArmenAl is operating at full capacity since November
2006. According to A. Margarian, the RA government is also taking
steps to ensure the work of the Vanadzor Chemical Complex through
attracting investors. He expressed satisfaction at the fact that the
share of mining industry is growing in the industrial production,
expressing a hope that the sector’s enterprises will contribute to the
growth of production and export. Nevertheless, A. Margarian considered
medium entrepreneurship as the major force of Armenia’s industrial
developemnt, particularly in agricultural food processing where about
10 enterprises opened in 2006. It was noted that the RA government
will take measures to rule out sharp fluctuations of the exchange rate
of the Armenian dram against the US dollar, ensure equal competition
conditions and reduce the shadow sector of the country’s economy.