Gurgen Narimanyan: It's necessary to adapt to new realityAugust 1, 2009 - 12:32 AMT PanARMENIAN.Net - Economic crisis offers new opportunities for a large number of companies, Financial director of Star supermarket chain Gurgen Narimanyan said in an interview with PanARMENIAN.Net reporter. According to Gurgen Narimanyan, the crisis offered new opportunities. Those who survived the storm can share large profits. "It's necessary to adapt to new reality and attract as many customers as possible, specifically the middle and lower strata of the population," he noted. Narimanyan forecasted GDP index slump of 16-18% and expressed a hope worst-case scenario of 20% slump will not come true. "I think everyone knows that the global financial crisis will have grave consequences for the economies of all countries. Armenia is not an exception. Like in other countries, we can expect real sector damages and unemployment. It's premature to speak of progress, because even those countries which have already reached the bottom of the crisis still anticipate a second negative wave," Narimanyan 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 | Mirzoyan says meeting with Bayramov was “constructive” At the moment, Ararat Mirzoyan said, there is no basis for additional comments. OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. 151 detained as civil disobedience campaigns continue in Yerevan Citizens have been blocking streets in the Armenian capital, demanding Nikol Pashinyan’s resignation. France welcomes Armenia-Azerbaijan meeting in Almaty France has welcomed the new round of negotiations between the foreign ministers of Armenia and Azerbaijan. |