As a result of the global economic crisis reduced the volume of transfers coming into Armenia from abroad, in the first place - from Russia. It struck at about 600-700 thousand Armenian citizens. Also, the crisis was reflected in real estate, where there is a decline in prices.
Told reporters on the head of the research center "Political Economy" Andranik Tevanyan. However, in his opinion, the fact that Armenia's economy is not integrated into the global economy, enabling it to remain in the win."We are hardly able to take advantage of this situation, since there is a problem in the country: the structure of the economy in some sectors or monopolistic or anticompetitive acts system, as government and business are closely fused," - he said.
However, predicting future developments in the Armenian economy, Sandoyan said that "naturally sharp turn down transfers that come into the country, and reduced investment in housing, there will be some decline in foreign investment."
Commenting on the situation in the economic sphere, the Minister of Finance Tigran Davtyan, in turn, informed that Armenia has developed a program of sustainable development for 2008-2015, according to which GDP per capita by 2021 compared with 2007 will increase by 4 times. The level of poverty will be reduced by 2021 to 7 percent.About the impact of the global financial crisis on Armenia Minister of Economy Nerses Yeritsyan Republic noted that at present it is impossible to assess the magnitude of the negative impact on Armenia's economy of the international financial crisis. According to him, the main problem may be related to investments and transfers.
Note that, according to the Central Bank of Armenia, this year in Armenia there was a decrease in remittances from Russia and the United States. In general, in the third quarter of the annual inflow of private transfers to Armenia was more than 40 percent.
In October, "Caucasian Knot" reported also that the CBA has developed three options for preventive measures to counter the global financial crisis. Developed options were presented to President Serzh Sargsyan.
Editor's note: see also the article "The World Bank will allocate $ 20 million for water supply in Armenia", "held in Yerevan meeting of the Armenian-Russian Economic Commission", "RZD will invest in the railway Armenia 570 million dollars,""In Armenia have opened a new highway to Iran", "Armenia and Iran agreed to build a pipeline of Tabriz-Meghri", "Khurshudyan: the balance of mutual interests of Armenia and Russia needs to be reassessed."
Told reporters on the head of the research center "Political Economy" Andranik Tevanyan. However, in his opinion, the fact that Armenia's economy is not integrated into the global economy, enabling it to remain in the win."We are hardly able to take advantage of this situation, since there is a problem in the country: the structure of the economy in some sectors or monopolistic or anticompetitive acts system, as government and business are closely fused," - he said.
However, predicting future developments in the Armenian economy, Sandoyan said that "naturally sharp turn down transfers that come into the country, and reduced investment in housing, there will be some decline in foreign investment."
Commenting on the situation in the economic sphere, the Minister of Finance Tigran Davtyan, in turn, informed that Armenia has developed a program of sustainable development for 2008-2015, according to which GDP per capita by 2021 compared with 2007 will increase by 4 times. The level of poverty will be reduced by 2021 to 7 percent.About the impact of the global financial crisis on Armenia Minister of Economy Nerses Yeritsyan Republic noted that at present it is impossible to assess the magnitude of the negative impact on Armenia's economy of the international financial crisis. According to him, the main problem may be related to investments and transfers.
Note that, according to the Central Bank of Armenia, this year in Armenia there was a decrease in remittances from Russia and the United States. In general, in the third quarter of the annual inflow of private transfers to Armenia was more than 40 percent.
In October, "Caucasian Knot" reported also that the CBA has developed three options for preventive measures to counter the global financial crisis. Developed options were presented to President Serzh Sargsyan.
Editor's note: see also the article "The World Bank will allocate $ 20 million for water supply in Armenia", "held in Yerevan meeting of the Armenian-Russian Economic Commission", "RZD will invest in the railway Armenia 570 million dollars,""In Armenia have opened a new highway to Iran", "Armenia and Iran agreed to build a pipeline of Tabriz-Meghri", "Khurshudyan: the balance of mutual interests of Armenia and Russia needs to be reassessed."
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