Friday, November 23 2018 16:35

ArmInfo. The purpose of the forum "Actual Problems of Economic Development and Strategic  Directions of Armenia", at the present stage of economic changes, is to demonstrate the state of our economy and the promising sectors, President of Manufacturers and Entrepreneurs of Armenia (UMBA) Arsen Ghazaryan told reporters on November 23.

At the same time, he added that by this first experience an attempt  is being made to provide a science- economy-government connection in  order to be able to offer the government scientifically justified  approaches and methodology on basic economic issues.

In this context, Ghazaryan informed that they intend to conduct 2-3  sectoral studies during the year, because after 28 years of  independence, the country faces the question: what should be done to  ensure the take-off of economic development, how to really ensure the  well-being of ordinary citizens, how to increase the country's  competitiveness in the region. "Especially, today, when we are going  for radical changes, with revolutionary approaches, including in the  field of economic management, scientific substantiation is a  priority. Very soon, after the elections, the new government will  have to develop a program, on which scientists, business  representatives, specialists are already working on today, "said the  President of the UMBA.

Speaking about the state of the Armenian economy today, Ghazaryan  expressed conviction that the first serious achievement that was  recorded is that usually after a real revolution, there is an  economic recession, collapse, there are serious upheavals of the  financial and credit system and such are the trends around the world  - the price of the revolution, however, in Armenia, on the contrary,  after the changes, financial and credit stability was fixed, as  emphasized by international economic organizations, and in the  Armenian economy, with the exception of two areas, industry and  agriculture, stability was registered. "Today, our most important  task is to increase foreign and domestic investments in the Armenian  economy, in the second half of the year we will have real indicators,  which will inspire hope that economic growth will finally affect the  well-being of ordinary citizens," Ghazaryan said.  Clarifying how  Armenia should attract investors, Ghazaryan said that first of all,  it is necessary to activate domestic investors, and there are  prerequisites for that. "In the end, the stability that is fixed in  our economy today is provided by domestic investors, since external  investments have decreased sufficiently.  But, after ensuring  economic stability, I am sure that large investors from Russia, the  West and the East will come to Armenia, since equal competition is  provided to the Armenian market. The start has been given, if the  market is healthy, it regulates the processes itself, "he said,  adding that at a certain stage there will be a decrease in  investments in a spiral, then an active increase will be recorded.   To the question whether the elimination of monopolies is observed in  the new political situation, he gave a positive answer. "It is  definitely observed, and any representative of a medium or large  business notices, this has been happening for 7-8 months already.  This is the greatest achievement of the revolution that we can  enjoy," Ghazaryan concluded.