Nerses Yeritsyan: Armenia needs to diversify its economy to boost exportDecember 11, 2010 - 14:44 AMT PanARMENIAN.Net - Armenian Minister of Economy Nerses Yeritsyan said that the essence of the new model for growth of Armenia’s economy is boosting export. All that is produced in industry and field of services should be a subject for export, i.e. be competitive in international markets, Yeritsyan told in his opening remarks at Tasks of Stimulating Armenia’s Export conference. According to the Minister, the crisis has revealed that Armenia will be unable to secure a sustainable growth within the upcoming ten years without solution of basic problems. “Other country’s experience showed that the more a country is export-oriented, the better it withstands crises. It means that it is necessary to increase Armenia’s global competitiveness, opportunities and abilities to export own goods to the global market. To this end, we should change and keep up with the developed countries economies,” said Yeritsyan. He added that Armenia needs to diversify its economy to increase export. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |