Having no doubt that Karen Karapetyan has assumed the position of the Prime Minister with the sincere instigation to heal the country’s economic condition, I consider, he, first and foremost, should take the following undeniable reality into consideration.
“If any of you opens 10 workplaces, it comprises 1000 workplaces, if you open 1000, I multiple it by 5, imagine, you don’t let people quit Armenia,” Hranush Hakobyan told this to “Russia’s powerful men” (upon her own formulation) during the meeting with presidents of the regional division of the Union of Armenians of Russia.
Pursuant data issued by National Statistical Service (NSS) as compared to the same period of the previous year total of transportation means, imported to Armenia, has reduced by 22%. In the period of January-August the index comprised about USD 122 million 594.6 thousand.
2016 isn’t so successful for telecommunications organizations, in particular, mobile phone operators. Their profit has considerably decreased in the first semester of ongoing year, as compared to the same period of the previous year.
According to Hraparak Daily, after confirmation of the program, submitted to RA National Assembly, Samvel Karapetyan will make an investment amounting USD 300 million in Armenia’s economy, to provide construction boom, move the economic field from a dead point.
Volumes of cheese, exported from Armenia have considerably increased. Upon the data of the first semester of ongoing year, Armenian cheese was exported 1.3 times more, reaching to 2580.7 tons from 3300.2.
State debt in our country has exceeded 50% of GDP. There are states, that if external debt exceeds 100%, default won’t be recorded, e.g. the USA, state debt of which is a few times more than the budget. This isn’t a normal phenomenon.
“Armenia’s economic indices are obvious, and the PM himself stated on it, saying that our economy is in a hard condition. And regarding its becoming a Eurasian integration center, sincerely, I don’t imagine what it means. That formulation isn’t clear. How can Armenia become an integration center?”
2.5 months prior to the deadline it became clear that the third bank, quitting Armenian banking system is Areximbank-Gazprombank Group CJSC. Initially Russian press informed that Gazprombank has sold Armenian Areximbank.
“Comprising a part of that economic space, basically, Armenia is a part of Russian political, military and economic space, and as international sanctions are being imposed, which already means that investments in Armenia are also risky.”
