Tigran Sargsyan: we see Armenia’s future as society and economy based on knowledgeDecember 22, 2010 - 17:15 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that the government has defined several directions for investments. “And we see the country’s future as a society and economy based on knowledge,” Sargsyan said in an interview with Russian RBC daily. According to him, the country may develop, for example, metal-intensive productions, thus the government places stake on intellectual work, which does not require huge transactional costs. “The fields related to it, specifically the IT field, are top priorities for us. Despite serious economic decline in 2009, 17% growth was recorded in the sector. Over 200 companies with foreign capital operate in the country and they closely cooperate with universities and departments educating specialists in the field,” said Sargsyan. At the same time, Sargsyan labeled the primary resources as the second priority direction for investments. He said that favorable conditions have been created in the world, due to which investments went to the mining sector. “According to forecasts, demand for copper, molybdenum and gold will allow obtaining profits, thus, the investments will be repaid,” he said. Mr. Sargsyan also noted that Russian investments in Armenia’s economy make 30-50%, according to different estimates. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |