Washington Consensus stipulations - main impediments on the way to industry development in Armenia

Washington Consensus stipulations - main impediments on the way to industry development in Armenia

PanARMENIAN.Net - Washington Consensus stipulations recommending against interference in the development of neighboring states’ industry are main impediments on the way to industry development in Armenia, according to the head of the Armenian Union of Local Manufacturers Vazgen Safaryan.

“As of today, 1,5 million people are out of the country. Unless the situation is changed, the industry volume will suffer a dramatic slump, resulting in Armenia’s inability to provide adequate jobs and salaries to its residents,” he told a news conference in Yerevan.

“Development of effective industry is impossible without governmental assistance,” Safaryan concluded.

 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
---