Nranyan: True picture of Armenia's economy deformation has been revealed due to crisisMay 22, 2009 - 21:54 AMT PanARMENIAN.Net - True picture of Armenia's economy deformation has been revealed due to the crisis, told ARF Dashnaktsutyun deputy of the RA National Assembly Ara Nranyan a press conference. According to him, it is early to speak about crisis in Armenia. "There are two opinions in respect to the crisis. According to the first one, this is the regular capitalist crisis, which will be overcome within three or four years. As of the second opinion, this is a system crisis, which has proved imperfection of the economical mechanism and the international system, existing in the world," said Mr. Nranyan, mentioning that after the crisis the world will heavily change. According to Mr. Nranyan, Armenia has tangible problems related to domestic trade due to governmental pressure on local producers. Mainly food and mining industries are developed in the country, ensuring the most part of the export, although mining industry has recently experienced a sharp downturn. "The Government should support and protect the economy of our country," Ara Nranyan said. Top stories On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). Partner news | Armenia congratulates “friendly people of Belarus” on Independence Day The Armenian Foreign Mnisitry has congratulated the “friendly people of Belarus” on Independence Day. Armenian wrestlers win 3 medals at U20 European Championships The Armenian team has won 3 medals at the U20 European Greco-Roman Wrestling Championships. Ameriabank, COAF pool efforts to develop beekeeping in Lori COAF and Ameriabank have presented their joint program Harvesting Nature’s Bounty. Armenian, Georgian Foreign Ministers meet in Tbilisi The meeting of Ararat Mirzoyan and Ilia Darchiashvili, is underway in Tbilisi, the Armenian Foreign Ministry reveals. |