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Implications for Armenia's economy

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Friday, February 22, 2013 - 20:00
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On February 22 Media Center hosted a discussion on topic “Challenges, implications and prognosis about the economy of post-election Armenia”. The speakers of the discussion were a doctor in Economy and the head of “Alternative” analytical center Tatul Manaseryan, Chairman of the Domestic Commodity Producers' Union Vazgen Safaryan, Management expert Harutyun Mesrobyan and the head of the Employer’s Union of Armenia Gagik Makaryan. The speakers mainly noted that they do not see any changes in the economic policy in Armenia; however, it is logical that the changes in politics shall lead to changes in economic policy. “Soon the economy will find its way” said Vazgen Safaryan. Gagik Makarayan head of Employer’s Union of Armenia also doesn’t expect any change in economy after the elections. “The five years is not enough to make large amendments, I think the president will only try to “maneuver” with the economic programmes on table and will only allow “cosmetic” changes without any high risks” said Makaryan. Although the 2013 budget was the largest of Armenia and crossed the trillion Armenian dram’s line, no any raise in salaries, pensions and other social payments, which Safaryan thinks was a “wrong” decision which had its influence on the results of the elections. “Maybe the results of the elections are preconditioned by such approach, however I think that the results will allow reconsidering such approaches” said Safaryan. It was also discussed the external debt of Armenia which is about 4 billion dollars and during the last three years has grown three times. Harutyun Mesrobyan expressed his concern about the spending of external loans “There aren’t any reports about which loan went to what sphere and how it was spent”. “With a bucket in holes doesn’t matter how much money you will bring” stressed Mesrobyan.Tatul Manasaryan said that during his being M.P he has directed 5 letters to the government demanding information how the loans are spent and in which directions however “I have received a zero answer”.  Tatul Mansaryan thinks “The toasts for diversification of Armenia are far more in numbers than actual actions”. Harutyun Mesrobyan concluded the meeting with concern “Armenia is a country with great potential but with zero kinetic energy”. You may see all the video-recording, the concerns raised by the speakers by following this link. http://www.youtube.com/watch?v=r8SRC2rIFW8&list=UUXdAEFA6DLFd-rcPYnATCRA...

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