Ameriabank official: Armenia has no alternative to export development

Ameriabank official: Armenia has no alternative to export development
July 20, 2012 - 16:14 AMT

PanARMENIAN.Net - The export sector is currently far the most promising and is of interest to Ameriabank CJSC, the bank’s development director said.

“There are no alternatives to export enhancement for such small countries as Armenia,” Tigran Jrbashyan told a press conference.

Given the current inflation rate, he noted favorable conditions for boosting the export potential in the face of gradual devaluation of the national currency, with major investment projects being implemented.

Mr. Jrbashyan further cited allocation of USD 60 mln. for financing the trade sector among the fair outcomes recorded in the half-year, with the annual factoring having increased five times.

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