Azerbaijani officials, who are used to easy money, start to realize that time already works against them. Taking a glance backward, they clarify that they missed the peak of their economic power. If in mid-2000s 25-35% economic growth was recorded in Azerbaijan, currently the situation will more worsen (they have neither a political will nor a desire for a good economy). And it turns out, that, this is the moment, then it may be late. And we have what we have on border now.
At the same time it’s mentioned that Armenia’s rather rapid process of membership to EEU requires proceeding with the process of approximation of policies and regulations, which will provide Armenia’s businessmen and investors the opportunity to actually feel positive implications of the membership.
It’s much more important to find out for which programs loans have been engaged, who decided priority of those programs and how involved means have been expended. Just from this very standpoint, it’s not surprising that one of the country’s political organizations proposes to launch public discussions on establishing a commission for implementation of independent audit.
“Nobody hurries to make investments into a small market in a country with closed borders and neighboring enemies. It’s difficult to convince, but we have to.”
Moreover, in Vache Gabrielyan’s assessment, the situation might have been worse, if Armenia refused to engage with EEU.
According to M.Apresyan, it’s anticipated to establish an interdepartmental working group and discuss the issues, develop proposals and submit them to the government. According to him, they met representatives of tour agencies and hotels.
“Firstly, there should be political will. There is an option—regime change, and new authorities which declare fight against corruption as their chief purpose, not always keep their promises after coming to power. The other option: current authorities realize that this shouldn’t last long, and it would be preferable to have pressure from the bottom, and realizing seriousness and complexity of the situation, and that there is threat to state’s existence, they try to change something.”
Upon rough calculations, goods costing about USD 2 million are daily being imported to Armenia. And this means, suspension lasting for days, and, moreover, for weeks, may seriously impact on exchange rate demand and appreciate Armenian dram.
““Armenia” has obtained a certificate by the Ministry of Economy, which means, it may already launch trade transfers,” Chobanyan said.
Armenia has produced Eurobonds, and this shift will leave its trail if we try to reproduce them, and we will mandatorily produce them to clear off the previous one. For instance, “Mudis” states that indicator of Armenia’s loan management is rather high, however, regarding budget deficit it’s stated that it increases our risks. And budget deficit isn’t a loan management, it’s management of our expenditures and incomes, and there are some problems here. We succeeded this year to confirm the budget a bit lower than previous year, we restrained budget appetite, but it wasn’t enough.
