Armenia tackles industry problemsAccording to Economy Minister Tigran Davtyan, his ministry has developed a ‘strategic expert-oriented policy’. Deriving lessons from the crisis, when the engine of Armenia’s economic growth – the construction industry – suffered worst losses, the Armenian government remembered that Armenia “was and will be an industrial country.” August 27, 2011 PanARMENIAN.Net - According to Economy Minister Tigran Davtyan, his ministry has developed a ‘strategic expert-oriented policy’. As to statistical data, 10.2% growth was registered in January-July 2011 while construction industry saw 32.2% slump. It’s worth noting that the growth in agriculture reached 32.4%, after last year’s misfortunes. Nevertheless, Minister Davtyan is glad that the industry registers progress as compared to average economic indices. “Export volumes increased by 25-30%. This means that the tendency of growth persists and the program elaborated by the government will contribute to this development,” he said. However, the authorities have failed to defend the local production from illegal imports so far. As Almast plant director Vahram Tepelikyan said, the cost of the Chinese output illegally imported in Armenia is much lower, as it is imported illegally, bypassing the customs control. “We have requested the government to address the problem,” he said. So, a question arouses: how are the products imported without customs duties and without knowledge of relevant state bodies? Victoria Araratyan / PanARMENIAN News Most popular in the section Armenia’s “useless” manpower Small and medium sized businesses weigh in on consequences of war Hybrid banknotes New markets opening for home-grown products More articles in this section 4 rules for business success An ultimate guide Reduction of personnel and tax collection growth State Revenue Committee changes its policy Countries and goods that boosted Armenian export in 2016 Record figures | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |