Newsfeed

Azerbaijani Foreign Ministry responds to Armenian Foreign Minister's statement over status quo in Karabakh

Russian Ambassador: Russia is not worried about part of its southern borders, where its partner is Azerbaijan

U.S. Intelligence: Moscow will continue to push for greater regional integration

U.S. Intelligence: Baku's sustained military buildup coupled with declining economic conditions in Azerbaijan raising potential that conflict will escalate in 2016

Baku investigates Victoria Nuland's role in non-adoption of Karabakh resolution in PACE

Rosselkhoznadzor returns 22 tons of tomato paste to Armenia

Current ownership of Russian State Property Management in ordinary shares of VTB Bank is 60.9%

Zaruhi Postanjyan: OSCE/ODIHR report on referendum in Armenia demonstrates lack of confidence in authorities

Zaruhi Postanjyan: Arman Tatoyan will fail to fulfill his responsibilities as Ombudsperson properly

Georgy Kutoyan to be appointed head of National Security Service of Armenia

President Obama proposes a $22,412,000 allocation in economic aid to Armenia in 2017

Orange Armenia encourages safe internet use: Feb 9 is Safe Internet Day

Views from Yerevan: Turkey plays the role of an alpha dog hounded on Russian bear

Armenia among other CIS countries is called to close cyber borders

Forecast: Putin's possible conversation with Erdogan may result in a new phase of tension

Republican Party and ARFD reach consensus around key positions

European Union's foreign policy chief to travel to Armenia

Forecast: Ilham Aliyev will quit "Minsk format" only after Russia or the West gives him guarantees about his power retention

Defense Minister of Armenia recommends former contract officer to keep political neutrality

Swedish Foreign Minister sure Karabakh conflict cannot be settled by force

VivaCell-MTS in cooperation with The Fuller Center for Housing Armenia improve housing conditions of three families in borderland village of Khachik

VivaCell-MTS is the first mobile operator sending SMS messages to its subscribers in Armenian

Hovhannes Sahakyan: Solution to many electoral problems raised by European experts and public will be found in new Electoral Code

Edward Nalbandian: Armenia seeks further cooperation with OSCE/ODIHR

Yerevan: Armenia and OSCE MG co-chairs are interested in change of status quo in Karabakh peace process

Rostelecom (Armenia) launches online payment program on its website

Armenian parliament speaker says the stand of Serbia's delegation to PACE runs contrary to the Armenian-Serbian cooperation

Zaruhi Postanjyan submits documents for nomination for post of Ombudsperson

Mateusz Piskorski: Most of EU countries have played the role of Washington's "useful idiots" and "bandogs"

Civil Contract Party not to create any blocs to run for parliament in 2017

Two employees of State Service for Food Safety face bribery charges

Court rejects request to transfer Vahan Shirkhanyan to a medical institution

Minsk Group process for Nagorno-Karabakh provides a framework to prevent violations along line of contact from degenerating too far, ICG says

Russian lawmakers suggest annulling 1921 treaty of friendship with Turkey

Azerbaijan fires at a near-border Armenian village in Tavush Province

Zangezur Copper Molybdenum Combine intends to increase output by 10% in 2016

Australian Senator delivers a speech in Senate, supporting independence of Nagorno-Karabakh

Republican: Control Chamber of Armenia will be changed into Audit Chamber

Adam Schiff urges James Warlick to abandon false parity in Karabakh problem

Adversary fired at Armenian positions from rocket-artillery systems overnight

Regional

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, 19:23

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