Armenia's economic structure may undergo signficiant changes in case of opening Armenian-Turkish borderSeptember 8, 2009 - 17:19 AMT PanARMENIAN.Net - Armenian-Turkish border opening may lead to considerable structural changes in Armenia's economy, said Manuk Yergnyan, Chair of Economy and Values research centre. "Our economic system should be built based on concrete hypothesis, with Armenian-Turkish border opening being one of them. If that border opens, economic structure will undergo serious changes," he said. In that context, the expert stressed the importance of developing the spheres and productions implied by border opening, penetration of such markets and a new system of raw pricing."In the meantime, it is necessary to consider the possibility that border may close. In that case we'll find ourselves in a situation we have faced twice - after USSR collapse and during global crisis," Yergnyan noted, adding that in case of border opening Armenia will have a new structure. "The biggest economic concern depends on that," he added. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. |