Friday, September 8 2017 12:11
Alina Hovhannisyan

The Ministry of Economic Development and Investments intended to transform Armenia into a knowledge-based economy within 5 years

The Ministry of Economic Development and Investments intended  to  transform Armenia into a knowledge-based economy within 5 years

ArmInfo. Starting next  year, the innovation policy in Armenia will be based on a completely  new strategy, Deputy Minister of Economic Development and Investments  of the Republic of Armenia Emil Tarasyan told ArmInfo correspondent. 

"When I talk about strategy, I mean not another weak-working  document, but a serious concept based on specific goals - real,  reconcilable and realizable, containing a clear description of the  state's innovative policy with its action plan and expected results  for the next 5 years," - he said. According to Tarasyan, by the end  of the year experts will complete a full analysis of the current  situation, and from March to April 2018, Armenia's innovative policy  will begin to be implemented in accordance with this new strategy.   As the Deputy Minister informed, the work on the development of the  new document is financed by the EU, both local and international  companies and experts are involved in this process, involving the  private and public sectors. "We want not only the government to feel  the ownership of this basic document, but also the non-state sector,  so that both of them equally sympathize for the implementation of the  program," Tarasyan said. In the need to develop a new innovation  strategy, an ever-changing environment and all the new challenges  facing the country's economy played an important role.

 Tarasyan recalled the forecasts voiced at the forum in Davos by the  founder of the WEF (World Economic Forum) - Professor Klaus Schwab,  who noted that the world around is changing at an unprecedented rate  and by 2025 the life of humanity will become largely virtual. In this  regard, E.Tarasyan sees Armenia as a producer of high technologies  and such ambitiousness is quite justified. "Without participation in  the world innovative production process, Armenia will not be able to  provide a further breakthrough in economic development. We need to  make a correct calculation in order to have ready human resources,  HiTech - industry, eco-system in engineering, developed IT sector,  capable to make a significant multiplicative effect in the economy,  and to meet the needs of the defense sector after five years, that  for today day is extremely important, "the deputy minister noted. 

However, returning to the position of Armenia in the international  arena, Tarasyan noted that Armenia occupies the 59th place in the  Global Innovation Index (GII) among 128 countries, compared to 60th a  year earlier. "Our steps to improve our positions are rather slow.  Therefore, in the innovation strategy, it is necessary to concentrate  on the elimination of weak positions, "he stressed. Thus, according  to him, Armenia occupies the 91st place in the context of the  Infrastructure Indicator GII, Armenia is in the 107th place in the  implementation of management systems (ISO), the 107th, human capital  and research - 103rd, which comes from the 103rd position and the  Education rating . In this regard, the Deputy Minister stressed that  the challenges in the innovation sphere begin in education: "Here, a  significant amount of work is to be implemented, aimed at enhancing  creative business skills, creative business thinking, and the  formation of creative cadres. Business must enter the educational  system. In the opposite case - will be separated from today's  reality>.At the same time, the Deputy Minister  also noted positive  trends according to GII. In particular, according to the indicator  Scientific and technological results Armenia ranked 50th among 128  countries, ICT Export Services ranked 22nd, by the Institute indexes  - 47, Accessibility to business opening - 9th, Market development -  46, The result of creative activity- 44, etc. "If we define the  blocks within the framework of the new strategy, then by and large  the innovation policy will be aimed at improving the quality of  education and improving the image of the country within the global  innovation index with a view to transforming Armenia's economy into  knowledge-based economy", concluded Tarasyan.


News
Central Bank of Armenia joins Sustainable Banking and Financial  NetworkCentral Bank of Armenia joins Sustainable Banking and Financial  Network
EDB formulates idea of  Eurasian transport frameworkEDB formulates idea of  Eurasian transport framework
Tigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sectorTigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sector
Global businesses set to battle for talent as hiring plans fuel growth ambitionsGlobal businesses set to battle for talent as hiring plans fuel growth ambitions
Armenia`s gross international reserves increased by 38.2% per annum  by November 2021Armenia`s gross international reserves increased by 38.2% per annum  by November 2021
Vahan Kerobyan will take part in Second Eurasian Congress in MoscowVahan Kerobyan will take part in Second Eurasian Congress in Moscow
Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021
New power plant of 254 MWe launched in YerevanNew power plant of 254 MWe launched in Yerevan
As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%
Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry 
ANIF, Masdar company discuss Ayg-1 project ANIF, Masdar company discuss Ayg-1 project 
Unpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDBUnpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDB
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in ArmeniaUS$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
One Success Story: Trimming the SpiritsOne Success Story: Trimming the Spirits
EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022
Representatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exportersRepresentatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exporters
4.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 20214.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 2021
New operator of Meghri FEZ plans to build a food packaging plantNew operator of Meghri FEZ plans to build a food packaging plant
Government subsidies to Syunik region reached 1.1 billion drams Government subsidies to Syunik region reached 1.1 billion drams 
Armenian authorities consider building three more bypass roads in  Syunik regionArmenian authorities consider building three more bypass roads in  Syunik region
Armenian government approves signing of Agreement on navigation seals  in EAEUArmenian government approves signing of Agreement on navigation seals  in EAEU
Contract for Kaps reservoir construction put out to tenderContract for Kaps reservoir construction put out to tender
VPOS number steadily increasing in Armenia  VPOS number steadily increasing in Armenia  
Non-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passedNon-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passed
Armenia to acquire a loan of 20 million euros for modernization of  urban land transportArmenia to acquire a loan of 20 million euros for modernization of  urban land transport
Russian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of projectRussian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of project
Black Friday CashBack from Converse BankBlack Friday CashBack from Converse Bank
Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  
2.621mln plastic cards in Armenia`s banking market 2.621mln plastic cards in Armenia`s banking market 
Armenia, Belarus study prospects for cooperation in organic  agricultureArmenia, Belarus study prospects for cooperation in organic  agriculture
Mher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEUMher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEU
Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry 
Delegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEUDelegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEU
Armenia can be a major exporter of intellectual property and software  - Chi-Foon ChanArmenia can be a major exporter of intellectual property and software  - Chi-Foon Chan
Bank loans in all member-states to be available to all EAEU citizens Bank loans in all member-states to be available to all EAEU citizens 
Armenia most important EAEU member - Ilya Malkina Armenia most important EAEU member - Ilya Malkina 
How to escape the “black” side of Black Friday?  Some tips from Converse BankHow to escape the “black” side of Black Friday?  Some tips from Converse Bank
Allow yourself more: Rocket line - the leading Armenian Allow yourself more: Rocket line - the leading Armenian "Buy now, pay later" payment format from Idram&IDBank digital platform
On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition "Eurasia 2021" and Eurasian Business Forum 
ICAO and IATA provide identification codes to FLYONE ARMENIA ICAO and IATA provide identification codes to FLYONE ARMENIA 
Pashinyan: Armenia registered stable growth rates of trade with the  EEU countriesPashinyan: Armenia registered stable growth rates of trade with the  EEU countries
New foil annealing mode reduces scrapNew foil annealing mode reduces scrap
Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 
 One Success Story: When the idea turns into reality One Success Story: When the idea turns into reality
Investments in Armenia`s communities nearly $400mln since 2018 -  premier Investments in Armenia`s communities nearly $400mln since 2018 -  premier 
Minister of Economy: A number of Iranian companies are ready to  invest in FEZ Minister of Economy: A number of Iranian companies are ready to  invest in FEZ "Meghri"
Armenia exempts imports of electric vehicles from VAT for another two  yearsArmenia exempts imports of electric vehicles from VAT for another two  years
Armenian government approves its program of activities for 2021-2026Armenian government approves its program of activities for 2021-2026
Mutual investments in Eurasia reaches US $46 billionMutual investments in Eurasia reaches US $46 billion
$72.5 million to be available to Armenia after IMF Board meeting in  Dec $72.5 million to be available to Armenia after IMF Board meeting in  Dec 
Armenia s government revising GDP growth forecast Armenia s government revising GDP growth forecast 
I am proud of our participation in the project that helped make the  Armenian nuclear power plant safer and more efficient - Rosatom  Director GeneralI am proud of our participation in the project that helped make the  Armenian nuclear power plant safer and more efficient - Rosatom  Director General
About 10% of budget expenditures to be directed to serve government  debt in 2022About 10% of budget expenditures to be directed to serve government  debt in 2022
Extension of NPP operation until 2036 mere desire yet - Ashot  Martirosyan Extension of NPP operation until 2036 mere desire yet - Ashot  Martirosyan 
RA Finance Ministry: By the end of 2022, government debt will decrease by 0.6 p.p. - from 60.8% at the end of 2021 to 60.2%RA Finance Ministry: By the end of 2022, government debt will decrease by 0.6 p.p. - from 60.8% at the end of 2021 to 60.2%
From July 1, 2022, gradual abolition of income tax refund system for  mortgage loan starts in YerevanFrom July 1, 2022, gradual abolition of income tax refund system for  mortgage loan starts in Yerevan
Armenia`s Ministry of Economy, UNIDO sign Country Programme for  Inclusive and Sustainable Industrial DevelopmentArmenia`s Ministry of Economy, UNIDO sign Country Programme for  Inclusive and Sustainable Industrial Development
PM Pashinyan, representatives of IT companies discuss public-private  cooperation prospectsPM Pashinyan, representatives of IT companies discuss public-private  cooperation prospects
Armenia will switch to a new energy model from February 2022Armenia will switch to a new energy model from February 2022
Agreement on Technical and Economic Cooperation between Armenia and  China signed in YerevanAgreement on Technical and Economic Cooperation between Armenia and  China signed in Yerevan
Read more


Exchange rates
30.11.2021
RUB6.500.02
USD486.280.42
EUR552.464.12
GBP649.721.68
CAD380.32-0.93
JPY43.090.23
CNY76.230.16
CHF529.664.35