Newsfeed

Artsvik Minasyan: Any integration is senseless for unreformed economy of Armenia

Armenia's Energy Ministry plans to sell part of Nairit Plant's assets

Armenian Defense Minister: Transfer of Valery Permyakov to Armenian law-enforcers was not discussed at the meeting with Arkady Bakhin

Expert: Armenian law-enforcers are not involved in Permyakov case investigation to full extent

British Film Festival 13th Love Edition to kick off in Yerevan on Feb 14

Changes in Russia-Middle East relations cannot but affect Armenian-Russian military strategic cooperation

Armenian FM: Armenia and Iran have no problems concerning their joint projects

Global Finance: In 2015 Ameriabank named the best trade finance bank of the year in Armenia

Armenian Defense Minister: Azerbaijani raider's fate must be discussed with authorities of Nagorno Karabakh only

OSCE chairperson-in-office calls on the parties to the Karabakh conflict to ensure a full ceasefire

Armenia to appear in first semifinal of Eurovision Song Contest 2015

Foreign minister of Iran: Teheran hopes to tackle issue of Russia's S300 supplies as soon as possible

Serzh Sargsyan: It might have been possible to prevent the crimes committed under veil of WWII had the crimes against humanity committed during WWI earned unequivocal international condemnation

Newspaper: Permyakov was not acquainted with Avetisyans family

India Ambassador to Armenia welcomes level of bilateral cooperation

Expert: Russia's every decision directly affects Armenia

Richard Giragosian: After aligning with EEU, Armenia faced security threats

Police: Valery Permyakov might have acted not alone

Armenian FM: Armenia's stance on Karabakh is similar to that of Russia, France and the United States

President of Armenia: We have prepared many surprises for hotheads in Azerbaijan

Expert: Defense capability of Armenian armed forces is much higher than offensive ability of Azerbaijan

Armenian FM: Armenia and Russia are unanimous that trial of the Gyumri murder case must be transparent

Political expert: Azeri provocations on the border occur following tragic events in Gyumri

Expert: Turkish president will not change his rhetoric on threshold of Centenary of Armenian Genocide

Edward Nalbandian: Doubts about Baku's reasonableness are growing with every passing day

SME representatives demand that Armenian Government should suspend Law "On Turnover Tax"

Three Azeri soldiers killed and two wounded as a result of ceasefire violation by Azerbaijan

Turcologist: No serious events in Armenia on threshold of Centenary of Armenian Genocide are observed yet

NATO plays no role in Karabakh conflict settlement but supports OSCE Minsk Group's efforts

Armenia's Defense Ministry: It was relatively calm on NKR-Azeri contact line last night

Retail gasoline prices drop again in Armenia

Over 20 members of ARFD break away from the party

Armenian MP: EBRD's forecast that Armenian economy will stagnate in 2015 was a political put-up job

Armenia's Defense Ministry: Armenian armed forces destroy a group of Azeri raiders in Tavush region

Armenia's involvement in Eurasian Economic Union does not look too promising

German Government considers Armenia's invitation to attend Apr 24 commemorations of 100th year of Armenian Genocide

Mammadyarov to meet with OSCE Minsk Group Co-Chairs in Krakow

A bas-relief of Lord George Gordon Byron inaugurated in downtown Yerevan near the head office of ACBA-CREDIT AGRICOLE BANK

Andrzej Kasprzyk: We are concerned over the situation at the line of contact

BirthLink and VivaCell-MTS continue their partnership to improve neonatal care in Armenia

Ameriabank signed the 80th deal under EBRD TFP

VTB Bank (Armenia) joins new system of money transfers BEST

ARDSHINBANK has strengthened its position among the top three of the banking system by all key indicators

Pascal Meunier: OSCE MG co-chair countries want resumption of dialogue

Reiner Morell: Germany is ready to show aid in Karabakh settlement whenever is a need

Each country is free to choose what event to attend, German Ambassador says on Erdogan's invitation

Armenian analyst: Azerbaijan may attack Artsakh and Armenia only if Russia gives it appropriate guarantees

Germany to continue its policy aimed at strengthening cooperation with Armenia

Robert Kocharyan: Armenia needs drastic changes but not a constitutional reform

Armenian Defense Ministry: Armenia's retaliatory measures to Azeri provocation will be tougher

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

  • by Alexandr Avanesov

  • Friday, July 25, 15:23

The indicator of the economic growth in Armenia is extremely low for the first half of 2014 versus the same period of 2013, the former prime minister of Armenia, a member of the parliament from the opposition Armenian National Congress, Hrant Bagratyan, wrote at his "Facebook" page.

He also added that in the first half of 2014 the GDP index was 3,4% versus the same period of 2013. The GDP index was 3,1% for the 1Q 2014. "So, we have just 0,3% "progress" and no economic growth. But how one can compare himself with the former government and say that the situation has improved a little?

The former government was simply a mistake and was drawing the wool over our eyes for 6 years, especially that there was almost no growth in the key branches of economy (industry, agriculture and construction). Export grew by 0.8%, and import - by 1.1%...The highest positive progress is noticed only in the sphere of services",  - Bagratyan said. 

He said that one can strictly assess the activity of the new government at the end of October of the current year, after six month of activity.  "However, today I can say that we were waiting for more but for the three month of activity the government made just a couple of reforming steps. For instance, it has started returning VAT to tourists...But is it hard to develop the economy of the country? We just need equal tax field for everybody. When we say that small and big business are equally taxated, we should understand that a big business has an effect of volume that should be neutralized.  Only after that, the field will become equal. The tax system should be changed fully and immediately. When giving tax privileges to micro business, we do not resolve the problem but worsen it. If there is no business, privileges are senseless. Actually, there is no business, as the tax field has not been equally distributed.

Let's touch on investments and state assistance. Stop relaying only on big plants (external and local) and on philanthropists! The country should be  built by people and investments should be decetralized. We have to attract the funds of millions of Armenians for development of the country through the investment funds and investment banks. The state should help to form clusters  and guarantee minimal profitability of certain strategic investments. Moreover, all the dominating and monopolist companies, banks, telephone operators, "Gasprom-Armenia", Kajaran, Tekhut, Agarak, Kapan. "City", "SAS", etc. should have a status of a OJSC and should be taken to auction at the stock market. Then, financial system should be separated from the state, and Central Bank should stop saving this or that bank and ensuring revenues for the budget.  And finally, local government bodies should have enough funds and should not beg Yerevan for money. I can continue the list. What hinders you to implement all this? Thanks to the reforms made at the beginning of the 90s, we had a double-digit growth for several years. But reserves ended in 2007. Now we need another approach. the previous government did not understand it. But what about the new one?", - Armenia's former prime minister asked. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields