Vartan Bostanjyan optimistic about Armenia's economic growth in 2010

PanARMENIAN.Net -   Overcoming of the crisis by developed countries will stimulate economic rehabilitation in Armenia, Vardan Bostanjyan , Deputy Chairman of the NA Standing Committee on Economic Affairs told a press conference on January 21 in Yerevan.  According to him, international financial institutions helped to reduce the Armenian deficit to AMD 193 billion.



According to Vardan Bostanjyan, investments inflow to Armenia will increase in 2010, which will help to develop certain industries more effectively than in 2009.  He also noted that in 2009 there has been decline in implementation of social programs of the government.



"The government, despite the deep crisis, managed to resolve the existing problems of vulnerable stratas of the society," he said.



Vardan Bastanjyan was optimistic about the 1.2% economic growth, projected by the state budget for 2010. 

Vardan Bastanjyan, Deputy Chairman of the NA Standing Committee on Economic Affairs, was born on September 9, 1949 in Yerevan. In 1971 he graduated from the Technical Cybernetics faculty of Yerevan Polytechnic Institute. In 1977 he was a post-graduate of the Institute of Economics of the Siberian Department of the USSR Academy of Sciences. He is an engineer-electrician, doctor of economics, professor. 



In 1971-1974 he worked as a senior engineer in the Yerevan Research Institute of Mathematical Machines. In 1977-1993 he worked at the Research Institute of Economics and Planning of the Armenian State Planning as a senior research worker, head of sector, head of the division, deputy director on scientific works. In 1993-1999 he was head of social-economic division of the staff of the Supreme Council, then he was head of the economic analysis department of the staff of the National Assembly. In 1994-1996 he was elected member of the board of the Central Bank of the Republic of Armenia. In 2003-2007 he was the head of the Financial Accounting Chair of the Faculty of Economics of the Yerevan State University. 



In 1980 he was conferred a title of a laureate of the All-Union competition on Public Sciences for the researches dedicated to the solution of the problems of economic development. 



He is a member of the Academy of Natural Sciences of the Russian Federation, correspondent-member of the

Engineering Academy of the Republic of Armenia. 



He is an author of more than 130 publications. 



He was elected as a deputy of the Regional Council twice of Yerevan Soviet district. 



In 1999-2003 he was elected as a deputy (proportional electoral system, Miasnutiun/Unity ally). He was a member of the NA Standing Committee of the Financial-Credit, Budgetary and Economic Affairs. He was a member of Miasnutiun faction. 



On May 12, 2007 he was elected as a deputy of the National Assembly by proportional electoral system from Bargavach Hayastan/Prosperous Armenia party. 



Vardan Bostanjyan  is married, and has three children.