ArmInfo."Armenia is at the crossroads of economic prosperity, or stagnation". This was during an official dinner with Swiss businessmen and representatives of the Switzerland-Armenia Chamber of Commerce in Zurich, said Dominique de Bumann.He recalled that recently historical events occurred in Armenia, leading to the victory of democracy, which was supported by the parliamentary elections held in December.
"These transformations are already irreversible," the prime minister assured.According to him, today the government and the government as a whole enjoy unprecedented public support. "And in the wake of this support, we initiated ambitious transformations. As a result, the situation in Armenia is now significantly different from that before the revolution," Pashinyan stressed.
In particular, he assured, the level of corruption has significantly decreased, monopolies have practically disappeared, and measures have been taken to strengthen the independent judicial system and create equal conditions for all economic and political players."Despite this progress, today we must carry out an economic revolution in order to meet the expectations of our people," said Pashinyan, adding that the 7.5% GDP growth recorded in 2017 persisted in 2018 and in 2019 th is projected 5% economic growth. According to him, the ratio of GDP to exports in 2017 was 37% and this rise continued at a record pace in 2018 as well. "However, these rates cannot satisfy us if we want to secure Armenia's worthy place in the world economic market," the premier said, stressing that investments that will create new jobs and stimulate exports are the cornerstone of economic growth in Armenia."The authorities and the people are united in these plans. The people want to work more in the absence of corruption," the prime minister assured. In order to implement all these steps, as Pashinyan said, the Armenian government opens its doors to foreign investors with the motto "Enrich and Enrich."
"To this end, we intend to reform the Tax Code in accordance with the expectations of investors, creating tax and customs incentives. In addition, economic agents operating in Armenia have access to world markets, taking into account the membership of the Republic in the Eurasian Economic Union and the use of European trade preferences GSP and GSP +. In addition, we guarantee free transit of capital and protection of property, "- said the prime minister.He stressed that Armenia has a small domestic market, but a great value and creative potential. "We have to show our potential to the world, and this means a greater volume of exports of goods and services," said Pashinyan, stressing that the basis of the Armenian economy is the creativity and talent of the Armenian people.The Prime Minister spoke about the priorities of the government in a number of areas. Thus, in the industry, emphasis will be placed on the development of pharmacology and biotechnology. "We must integrate the latest technologies in the industry, identify and eliminate obstacles through dialogue with businessmen," - said the prime minister. Among the competitive areas he called the textile industry, the shoe industry, jewelry and watchmaking. For the development of industry, the prime minister focused on the creation of free economic zones, in particular for the fields of pharmaceuticals, high technology and biotechnology.He also stressed the importance of dialogue between government and entrepreneurs.
Pashinyan spoke of the need to assist exporters by opening new markets and eliminating logistical obstacles. According to him, Armenia has a particularly large potential in the fields of high technologies and engineering, and this potential should be increased by introducing an appropriate STEM course in schools and universities, as well as the creation of TUMO centers and excellence clusters."I am proud to say that in 2018 the Tumo branch was opened in Paris, we also intend to open branches in Russia and Germany," Pashinyan said.He also noted that 15% of the Armenian economy is agriculture and special attention should be paid to this area. "The integration of the largest agro-industrial technologies in the Republic of Armenia will be a priority for our government. Organic agriculture and the use of methods such as drip irrigation will lead to the development of this sector. Wine-making will also take its significant place in this field. In 2017, the wine-making industry in Armenia increased approximately by 80%, "said Pashinyan.
The Prime Minister also noted that another important area is tourism, in which, according to Pashinyan, Armenia has something to show, since the culture of the Republic of Armenia is one of the most important. "The best way to get acquainted with the culture is direct contact. This area has great potential. In addition, the growing tourism sector has the greatest potential to improve the economic situation in the region. We plan to increase the number of tourist places in Armenia, as well as open small hotels in the regions, develop eco and gastas tourism, to expand the transport and infrastructure network, which will make it possible to economically travel around the country, as well as to reduce financial and time costs during the trip to Armenia and beyond its borders ", noted Pashinyan.The Prime Minister also noted that the diversification of energy production is in the center of attention of the international community. "For Armenia, this is an economic necessity. We see it as a problem that can be solved in the foreseeable future, since Armenia has great potential for producing renewable energy. In recent years, the solar energy sector has undergone significant development, and Armenia intends to use natural resources to so that solar energy is also used in the consumed electricity. We are not able to completely renew the entire infrastructure alone, we need specialists and resources " rushed Pashinyan."We have the potential, opportunities and political will to become a regional and global economic player. The problem is whether you are ready to join us and join us in this interesting, but not the easiest way. If you are ready to take your step, come to Armenia to enrich the country and enrich yourself ", concluded Pashinyan.During the questions - answers, Nikol Pashinyan touched upon the constant improvement of the investment environment in Armenia, the strengthening of democracy,combating monopolies; creating a free and independent judiciary; and optimizing the public administration system. At the end of the meeting, Nikol Pashinyan went to Davos, where he would take part in the World Economic Forum.