Expert urges to diversify economy to cut dependence on world prices

Expert urges to diversify economy to cut dependence on world prices

PanARMENIAN.Net - An International Conference to Examine the Future of Mining in Armenia is ongoing in Yerevan.

At the event, the Director of the Centre for Social Responsibility in Mining at the University of Queensland, Australia advised searching for alternative sources of development without solely staking on mining industry.

“Prices may always vary,” Mr. Saleem Ali said, commenting on the influence that fluctuation of world prices has on mining products that Armenia greatly depends on.

“Fluctuating prices mustn’t stop Armenia from developing mining industry,” the expert said, instead urging for diversification of the country’s economy.

 Top stories
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
A reformed inspections system will mean reduced inspections for less riskier businesses, saving them time and resources.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Partner news