RA President: I don't think that crisis is fatal

PanARMENIAN.Net - The economic crisis spread over Armenia as well. But here it has acquired a specific character, Armenian President said.



"In fact, two thirds of Armenians live abroad and render financial assistance to their kin in Armenia. As result of the crisis, foreign transfers have decreased," Serzh Sargsyansaid in an interview with Vesti 24.



Asked about the government's anti-crisis plan, President Sargsyan said that it hardly differs from the plans developed by other states. "Of course, we have less opportunities that the United States, Europe or Russia but we will try to support our manufacturers. We seek loans from international structures and I would like to thank Russia for the stabilization loan which will help create job opportunities and launch social projects," he said.



"Crisis is not fatal. It not only causes problems but also offers new opportunities," he said.