Opening of Armenian-Turkish border to bankrupt Armenian businessmenSeptember 25, 2009 - 16:49 AMT PanARMENIAN.Net - Mitk Analytical Center opposes the opening of the Armenian-Turkish border based on economic reasons, Edgar Helgelyan , expert at Mitk center, told a news conference in Yerevan today. "We have concerns in respect to certain provisions of the Protocols on normalization of Armenian-Turkish relations. Besides, we are seriously concerned that opening of the border will considerably damage the Armenian economy," the expert said. According to his data, the imports from Turkey to Armenia 168 times surpass the volume of exports from Armenia to Turkey. "Imports from Turkey to Armenia reach about USD 178 million, while exports from Armenia to Turkey do not surpass USD 1.8 million. Armenia's economy cannot withstand Turkish commodities, " Edgar Helhelyan said. "It is naive to think that Turkey can agree to the reducing role of Georgia, its partner, in the region," the expert said. According to Edgar Helhelyan, opening of the Armenian-Turkish border will bankrupt Armenian businessmen, while Turkish companies will be able to take control of critical and strategic spheres of the Armenian economy. The Mitk center has already submitted its observations on this subject matter to the Government of Armenia. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |