Nerses Yeritsyan: Armenia needs to diversify its economy to boost exportDecember 11, 2010 - 14:44 AMT PanARMENIAN.Net - Armenian Minister of Economy Nerses Yeritsyan said that the essence of the new model for growth of Armenia’s economy is boosting export. All that is produced in industry and field of services should be a subject for export, i.e. be competitive in international markets, Yeritsyan told in his opening remarks at Tasks of Stimulating Armenia’s Export conference. According to the Minister, the crisis has revealed that Armenia will be unable to secure a sustainable growth within the upcoming ten years without solution of basic problems. “Other country’s experience showed that the more a country is export-oriented, the better it withstands crises. It means that it is necessary to increase Armenia’s global competitiveness, opportunities and abilities to export own goods to the global market. To this end, we should change and keep up with the developed countries economies,” said Yeritsyan. He added that Armenia needs to diversify its economy to increase export. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |