Government's anti-crisis program should be implemented at fast paces since its principles and clauses inspire positive hopes, said Arsen Kazaryan, Head of RA Union of Industrialists and Entrepreneurs. According to him, Government's operating headquarter approved several programs in February-March 2009 but their funding begins just now.

Kazaryan also noted that a couple of months ago mortgage market participants, particularly Elite Group company, were issued state guarantee which increased construction volumes in July-August. "Over the past 7-8 years, construction sphere ensured 30-40% of our economic growth. But currently, economic downfall is on the level of 15-16%. No wonder if we register certain negative growth by the end of 2009," he added.

Speaker stressed the importance of state-business-private sector cooperation which will help overcome the impact of global financial-economic recession. "As I see, my partners never lose their spirits," he added.

Armenia too, is experiencing the hardships of world crisis, although not in the same volumes as big economies, entrepreneur finds. "I hope we'll register certain stabilization by 2010, summing up the current year with minimal losses," he said.