Newsfeed

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

Expert: Armenia's path and prospects in Eurasian Economic Union are vague

MP: Armenia, which has a ruined agriculture, can offer nothing to Eurasian market

Orphan Rug showcase in Washington is connected with tension in Turkish-US relations, Turkish media report

Naira Zohrabyan: Verdict against Shant Harutyunyan demonstrates that Armenia's judicial system is not independent

Armen Martirosyan: Armenian authorities do not want Armenia to lag behind Azerbaijan by number of political prisoners

OSCE MG Co-Chairs discuss preparations for upcoming summit hosted by French President later this month in Paris

VivaCell-MTS is the General Partner of the International Microelectronics Olympiad of Armenia

Beeline awards winners of My Beeline Armenia contest

RA Ombudsman Karen Andreasyan hosted at VivaCell-MTS

Armenia presents books on Armenian Genocide at Frankfurt Book Fair

Leader of Tseghakron Party Shant Harutyunyan sentenced to 6 years in jail, his son given a 4-year suspended sentence

Habitat for Humanity Armenia with the support of INECOBANK repairs entrances of apartment house in Yerevan's Shengavit community

Tatul Manaseryan: Armenia must not cherish hopes that EEU membership will give it more investments

Raffi Hovannisian hopes the opposition's steps will be clarified on October 24

Alexander Iskandaryan: Peace and war are the two things Russia does not need in the South Caucasus

VTB Bank (Armenia) reopens three more renovated branches

VTB Bank (Armenia) reopens three more renovated branches

Lydian International expected to launch gold recovery in Armenia in first half of 2017

Howard Stevenson: Amulsar Gold Project will change "bad reputation" of mining industry in Armenia

Yerevan: Baku's statements once again show Azerbaijan's dalliance with the upcoming Sargsyan - Aliyev meeting in Paris

Ambassador: Festival of Iranian film to be held in Yerevan

Kirsan Ilyumzhinov: Love for chess is in Armenians' blood

Heritage Party: Agreement on Armenia's accession to Eurasian Economic Union is non-constitutional

INECOBANK and Rostelecom issue a joint credit card for Rostelecom subscribers

Artak Zakaryan: Armenia is ready to cooperate with the EU in all the fields possible

Robert Kocharyan: The regime able to forget personal interests is doomed to success

  • by Nana Martirosyan

  • Friday, August 29, 16:58

 It is not clear so far how much Armenia's accession to the Eurasian Economic Union will affect the country's regional economy [commodity turnover with Iran and Georgia], Robert Kocharyan, the second president of Armenia, says in an interview with Noyan Tapan.  

Assessing the current economic situation in the country, Robert Kocharyan said that there are neither internal nor external reasons for optimistic assessment so far. "In addition, new global threats have emerged, and their effects are yet to be assessed. How will the West's sanctions against Russia affect the global economy, Russia's economy? Will they increase sanctions? It is not clear so far how much Armenia's accession to the Eurasian Economic Union will affect the country's regional economy [commodity turnover with Iran and Georgia]. And finally, is the single customs area technologically possible amid the West's sanctions against Russia. There are either no answers to these questions, or there are just suppositions. This means that we have entered a phase of negative anticipations," the politician said.

   Kocharyan thinks that economic growth and job creation is what the government must focus on to recover the country's economy, meanwhile, they just seek to replenish the budget at any cost. 

"There is need for a healthy competitive business environment, which is impossible unless the economic is de-monopolized despite the appetites of the influential statesmen and their relatives.  It is necessary to give a clear signal to the public that any business initiative is welcome and will be supported, no matter whose interests it will touch. To this end, it is necessary to create effective market mechanisms.  They should put aside their personal interests at least for a few years, if forget them at all. Any regime able to do that is simply doomed to success. By the way, they must stop breaking the working weeks with numerous religious holidays. It is necessary to return to the former clock zone. It is not normal to start the working day at 9:00am in August, when it sunrise is at 6:00am and sunset - at 8:00pm. It is a forced slowdown, not acceleration," he said.

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