On December 24, Armenian President Serzh Sargsyan hosted a reception, inviting Armenian businessmen to celebrate Christmas and New Year’s Eve.

At the event, the President spoke about the results of 2010, giving high assessment to local entrepreneurs’ attempts at stabilizing the post-crisis situation and achieving of a certain economic growth.

As the Armenian leader stressed, the year 2011 should signal a new phase, that of restoration, strengthening and diversification of economy, presidential press service reported.