Armenian government to help private sector boost exports

Armenian government to help private sector boost exports

PanARMENIAN.Net - For the first time in 20-year history of independent Armenia, the government adopted an export-oriented industrial development strategy, Armenian Prime Minister stated.

As Tigran Sargsyan stressed at Yerevan-hosted industrial forum, the development strategy adopted will signal a new stage in the history of Armenian economy. As he noted, the government will be in charge of assisting the private sector in boosting production volumes and stimulating exports.

As the Economy Minister Tigran Davtyan in turn, stressed, a country with restricted resources has no other alternative but development of industrial policy through the use of modern technologies.

 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
---