Monday, July 3 2017 14:53
Naira Badalian

Expert: Armenian government`s program for 2017-2022 is quite feasible

Expert: Armenian government`s program for 2017-2022 is quite feasible

ArmInfo. The government program for  2017-2022, taking into account the personnel potential in the Cabinet  of Ministers, is quite feasible. At the same time, no government is  insured in case of force majeure, which can lead to some deviations  in the planned indicators of economic growth. This opinion was  expressed at the press conference by head of the department of  management and business of YSU, candidate of economic sciences Karlen  Khachatryan.

The program of the Armenian government's activities for 2017-2022,  according to the expert, is the first such program and is written   pretty professionally "For me, as an economist, it is very important  that the program lists not only specific tasks in the spheres, but  also targets with specific expected indicators and terms of their  implementation," he said.

Karlen Khachatryan expressed his satisfaction with the steps taken by  the government to promote the information and technological progress  of society and the state, the planned reforms in the judicial and  legal system, as well as legislative changes aimed at creating a  comfortable business environment. 

According to the expert, in many respects, the absence of an  appropriate legislative base has caused a downward trend in the  investments entering the republic. From the adoption, not only will  it effectively combat the monopolies that are entrenched in Armenia,  the presence of which creates serious investor fears and does not  guarantee their protection.

According to the economist, during 8-9 months of activity of the  current Cabinet of Ministers - a rather long time for understanding  the potential of the government team. It is the belief in this  potential, as well as the existence of specifically formulated goals  and timetables for their implementation, that determine the  expectations of the expert in terms of the feasibility of the tasks  assigned. Unlike the previous government team, the current members of  the Cabinet, according to Khachatryan, are great professionals in  their business and good managers in their industries. In this  context, he said, despite the fact that, given the experience of  previous years, it will be rather difficult for the government to  ensure the planned annual GDP growth at an average of 5%, if desired  and with a number of external favorable conditions, this figure is  quite achievable. Achievable and ambitions to increase exports in the  country's GDP to 40-45%. Only by planning such ambitious peaks, the  Armenian government can provide real growth of the country's economy,  the expert said.

At the same time, the economist did not deny the essential dependence  of the Armenian economy on the Russian economy. According to him,  taking into account the same lagged - postponed - effect of  dependence on the Russian economy, any negative trends there will  inevitably affect the Armenian economy. In this case, according to  the expert, no matter how realistic these objectives seem to be at  this stage, they are likely to require adjustments.

POST A COMMENT
Input digits     


News
EAEU major actor in international economic relations - RF MFA EAEU major actor in international economic relations - RF MFA 
12.5% of Lydian Armenia CJSC stock gifted to the RA Government12.5% of Lydian Armenia CJSC stock gifted to the RA Government
Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 
May the Holiday Warm Hearts: Idram and IDBank Support the Children of HeroesMay the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes
Armenia`s authorities to reduce compensations under Targeted Program  for Attracting Highly Qualified Specialists Armenia`s authorities to reduce compensations under Targeted Program  for Attracting Highly Qualified Specialists 
Armenia`s government imposes temporary ban on export of whitefish  caviar Armenia`s government imposes temporary ban on export of whitefish  caviar 
Armenia amends loan agreement on Kaps reservoir construction with KFWArmenia amends loan agreement on Kaps reservoir construction with KFW
Armenia to join first international document on AIArmenia to join first international document on AI
EC to issue EUR 12.9mln grant to Armenia to improve nuclear and  radiation safety EC to issue EUR 12.9mln grant to Armenia to improve nuclear and  radiation safety 
Armenia amends loan agreement with EFSD to ensure procurements under Kajaran tunnel projectArmenia amends loan agreement with EFSD to ensure procurements under Kajaran tunnel project
Electricity prices to remain unchanged for end users in 2025 Electricity prices to remain unchanged for end users in 2025 
Public Services Regulatory Commission approves Gasprom investment  programmePublic Services Regulatory Commission approves Gasprom investment  programme
Extending Holiday Care to Border Communities: AraratBank`s Gifts Reach 400 Children
EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan 
Beneficiaries of the Beneficiaries of the "By Your Side" program at IDBank
Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.
Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin 
Gas supplies to Armenia via Georgia to be suspended Gas supplies to Armenia via Georgia to be suspended 
Shorter working hours pose risk to Armenia`s economy - Mantashyants  business clubShorter working hours pose risk to Armenia`s economy - Mantashyants  business club
Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 
"Hidden gem" with mountain views is a perfect walking destination for  2025` - Express UK 
Amundi-Acba remains committed to supporting Armenia`s economic progressAmundi-Acba remains committed to supporting Armenia`s economic progress
 Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies  Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies 
Idram Joins the Fight Against Food InsecurityIdram Joins the Fight Against Food Insecurity
Armenia exports wine to Russia, imports from Spain, Italy Armenia exports wine to Russia, imports from Spain, Italy 
7.4% economic activity growth in Armenia in Jan-Nov 20247.4% economic activity growth in Armenia in Jan-Nov 2024
Armenia`s minister of finance explains causes of tax arrears Armenia`s minister of finance explains causes of tax arrears 
Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  
Ardshinbank Finances the Construction of an Innovative Greenhouse FacilityArdshinbank Finances the Construction of an Innovative Greenhouse Facility
Budget performance leaves to be desired - minister Budget performance leaves to be desired - minister 
Armenia`s Ministry of Finance preparing Eurobond tranche next year Armenia`s Ministry of Finance preparing Eurobond tranche next year 
Armenia`s authorities postpone taxation of the income tax refundArmenia`s authorities postpone taxation of the income tax refund
Economic Competition Protection Commission fines gas-filling stationsEconomic Competition Protection Commission fines gas-filling stations
Yerevan ex-mayor lashes out at incumbent authorities over orice rise Yerevan ex-mayor lashes out at incumbent authorities over orice rise 
Armenia`s financial authorities revise GDP growth down Armenia`s financial authorities revise GDP growth down 
135 applications for comunity programmes worth over AMD 50bln  submitted for coming year 135 applications for comunity programmes worth over AMD 50bln  submitted for coming year 
Yerevan Municipality revises construction permit fees downYerevan Municipality revises construction permit fees down
Armenian budget revenue 9.6% up in Jan-Nov 2024 as compared with  Jan-Nov 2023Armenian budget revenue 9.6% up in Jan-Nov 2024 as compared with  Jan-Nov 2023
Armenia reduces natural gas imports from Russia by 13% in first half  2024Armenia reduces natural gas imports from Russia by 13% in first half  2024
Armenia imports wheat from Russia Armenia imports wheat from Russia 
Extension of operation of 2nd power unit of Armenian NPP discussed Extension of operation of 2nd power unit of Armenian NPP discussed 
Video surveillance bill withdrawn Video surveillance bill withdrawn 
AraratBank Named Large CSR Company of the YearAraratBank Named Large CSR Company of the Year
Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement 
Armenia`s car exports, imports down in first half of 2024Armenia`s car exports, imports down in first half of 2024
Armenia`s oil products imports 16.4% down in first half 2024 Armenia`s oil products imports 16.4% down in first half 2024 
1% idcoin instead of New Year’s suffering: practical tips1% idcoin instead of New Year’s suffering: practical tips
Armenia prefers Russian sugar to Brazilian Armenia prefers Russian sugar to Brazilian 
Almost 850 Armenian trucks in queue at Upper Lars checkpointAlmost 850 Armenian trucks in queue at Upper Lars checkpoint
Yerevan needs waste processing plant - mayor Yerevan needs waste processing plant - mayor 
Investment project for construction of 4th section of Yerevan`s  Circular Boulevardy to submitted to governmentInvestment project for construction of 4th section of Yerevan`s Circular Boulevardy to submitted to government
Energy sector one of major economic branches of Armenia - ministerEnergy sector one of major economic branches of Armenia - minister
Russian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commissionRussian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commission
USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20
Idram Junior Donated Books to SchoolsIdram Junior Donated Books to Schools
"Gray deals" involving gold and diamonds seen in private transfers
Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024
Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%
Team Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock ExchangeTeam Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock Exchange
 EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance  EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance 
Read more
Exchange rates
27.12.2024
RUB3.76-0.22
USD396.480.30
EUR413.131.06
GBP496.790.30
CAD275.26-0.17
JPY25.14-0.03
CNY54.320.04
CHF440.29-0.20