Georgian President Mikheil Saakashvili's statement on Armenia's economy is absolutely groundless, said Samvel Farmanyan, spokesman for the Armenian President.

"Saakashvili has chosen a wrong way to distract the Georgian citizens' attention from domestic problems," he said. "Armenian President was numerously asked about social and economic situation in neighbor states but he always refrained from giving assessments. This is what we call politically correctness," Mr. Farmanyan said.

Yesterday, Georgian President said that "Armenia's economy burst because of its dependence on Russian market."