Saturday, August 17 2019 13:39
Alina Hovhannisyan

Nikol Pashinyan: Rationality is the only direction for increasing the  competitiveness of the country`s economy

Nikol Pashinyan: Rationality is the only direction for increasing the  competitiveness of the country`s economy

ArmInfo. Rationality is the only direction for increasing the competitiveness of the country's economy. On August 17 during the <My step for Kotayk region> business  forum  Prime Minister of Armenia Nikol Pashinyan stated.

<In total, one of the main tasks of our country is to ensure  rationality. Unfortunately, we very often lose this rationality,  starting with the management system and ending with other areas. Our  task is to ensure that every invested and spent dram brings the  greatest possible result in all areas without exception>, the RA  Prime Minister said. In particular, Pashinyan during his speech  emphasized the importance of holding such forums for presenting and  discussing ideas from the point of view of their development. <It is  very good that we continue to hold such forums and have already  reached the Kotayk region. I look forward to the speeches of  entrepreneurs of Kotayk region who will tell about their success  stories and present programs that will allow us to understand how the  government can promote and stimulate them to ensure efficiency>, the  prime minister said, noting that such forums will be held in all  regions of country.

Speaking about the possibilities of Kotayk, Pashinyan emphasized that  the region has a high industrial potential. <The Armenian government  is in constant communication with industrialists. And our task is to  provide the necessary conditions to increase the competitiveness of  our manufacturers. This is a very important and delicate work, which  we intend to provide in the near future>, he noted.  Continuing, the  Prime Minister emphasized that the government should be confident  that the policy was chosen to develop industrial potential will be  aimed at strengthening institutional capacities. <Figuratively  "planting" industrialists simply for assistance, we reduce their  competitiveness, productivity, and in reality limit the possibilities  of their institutional development, "he stressed.  At the same time,  the prime minister pointed out the high tourist potential of the  Kotayk region, emphasizing Tsaghkadzor in this vein as one of the  important tourist destinations.  Pashinyan also pointed to the  presence of companies engaged in high-tech activities in the Kotayk  region.  He said that, the government is pursuing an appropriate  policy for development  of IT sector Among the priority areas of the  Kotayk region, the head of the RA government also noted industrial  agriculture, in particular, noting the high potential of this  industry in Kotayk. He emphasized that the efficiency in the  industrial agricultural sector should seriously increase. "This is a  strategic task for us," he concluded.  To note, the  <My step  forKotayk region> business forum is held with the aim of presenting  the investment potential of the region and stimulating investment in  the priority areas of the region, establishing new business ties  through discussions, round tables, etc.  To recall, similar forums  have already taken place in Ararat, Lori, Gegharkunik, Syunik,  Tavush, Shirak regions. 

POST A COMMENT
Input digits     


News
During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions 
AraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone EventAraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone Event
 National standards  developed and approved  in tourism sector National standards  developed and approved  in tourism sector
 RA SRC  identified cases of counterfeit vodka and tobacco products RA SRC  identified cases of counterfeit vodka and tobacco products
The President of Belarus signed a decree on crypto banks in the countryThe President of Belarus signed a decree on crypto banks in the country
US banks returned a record $140 million to shareholdersUS banks returned a record $140 million to shareholders
Banks have no right to refuse to open accounts under Social Package  program - CBBanks have no right to refuse to open accounts under Social Package  program - CB
While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions 
TRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expertTRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expert
Armenian-Turkmen  business forum takes place in YerevanArmenian-Turkmen  business forum takes place in Yerevan
RA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway sectionRA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway section
Armenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sectorArmenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sector
"Wings of Unity": Armenia needs an economy focused on production and  exports
Pashinyan assures there will be no increase in liquefied gas prices  Pashinyan assures there will be no increase in liquefied gas prices 
Armenian premier on reasons for premiums to government officialsArmenian premier on reasons for premiums to government officials
RA Central Bank identifies 72 unlicensed organizations offering  various financial servicesRA Central Bank identifies 72 unlicensed organizations offering  various financial services
Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)
Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan 
IBRC: Armenian businesses to gain access to export invoice insuranceIBRC: Armenian businesses to gain access to export invoice insurance
RA Economy Minister: Armenia ranks 37th out of 101 countries in WB  rankingRA Economy Minister: Armenia ranks 37th out of 101 countries in WB  ranking
The situation around Iran is pushing oil prices higherThe situation around Iran is pushing oil prices higher
Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBankUnforgettable Moments and a Profitable Offer at Myler. Idram&IDBank
Net flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gainsNet flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gains
Economy Ministry`s priority programs to be aligned with peace agenda  - Gevorg PapoyanEconomy Ministry`s priority programs to be aligned with peace agenda  - Gevorg Papoyan
WB on major risks for ECA WB on major risks for ECA 
Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier 
Issue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy MinisterIssue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy Minister
The global economy will grow by 2.6% in 2026, according to the World Bank forecastThe global economy will grow by 2.6% in 2026, according to the World Bank forecast
AraratBank Takes the Lead in Brand PR PerformanceAraratBank Takes the Lead in Brand PR Performance
Armenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platformsArmenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platforms
Armenian premier on planned construction of bridges across  Armenian-Azerbaijani border Armenian premier on planned construction of bridges across  Armenian-Azerbaijani border 
Programs co-financed by RA budget not to be subject to income taxPrograms co-financed by RA budget not to be subject to income tax
More Armenian airlines to get air tax benefit More Armenian airlines to get air tax benefit 
Cadastre Committee`s service centers to be replaced by advisory  centers - billCadastre Committee`s service centers to be replaced by advisory  centers - bill
Minister on Armenian authorities` final decision on construction of  nuclear power plant with several small modular reactorsMinister on Armenian authorities` final decision on construction of  nuclear power plant with several small modular reactors
Armenia, Iraq discuss  energy cooperation Armenia, Iraq discuss  energy cooperation 
World Bank forecasts moderate slowdown for Armenia`s economy through  2027World Bank forecasts moderate slowdown for Armenia`s economy through  2027
Unemployment rate in Armenia drops to 11.8% in Q32025Unemployment rate in Armenia drops to 11.8% in Q32025
Russia`s International Reserves Reach a Record $763.9 BillionRussia`s International Reserves Reach a Record $763.9 Billion
Idram Summarizes 2025Idram Summarizes 2025
The global economy will grow by 2.7% in 2026The global economy will grow by 2.7% in 2026
Armenia`s High-Tech Sector Development Strategic Plan  to be approved  in 2026Armenia`s High-Tech Sector Development Strategic Plan  to be approved  in 2026
PM Pashinyan: Azerbaijani fuel imports breaking monopolies and  lowering pricesPM Pashinyan: Azerbaijani fuel imports breaking monopolies and  lowering prices
 RA Economy Minister  hopeful for  new economic and logistical  opportunities with potential opening of borders with Turkey RA Economy Minister  hopeful for  new economic and logistical  opportunities with potential opening of borders with Turkey
The Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity FoundationThe Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity Foundation
Armenia`s trade turnover hits 6 trillion drams in 11 monthsArmenia`s trade turnover hits 6 trillion drams in 11 months
Union of Banks of Armenia, EFPA Europe launch Branch Manager  qualification programUnion of Banks of Armenia, EFPA Europe launch Branch Manager  qualification program
Armenia`s telecommunications revenue growth deceleratingArmenia`s telecommunications revenue growth decelerating
 Cargo transportation in Armenia increased by 2.5% in the first 11  months of 2025, while passenger transportation decreased by 2.3% Cargo transportation in Armenia increased by 2.5% in the first 11  months of 2025, while passenger transportation decreased by 2.3%
Romanos Petrosyan: ENA CJSC paid approximately 63.7% more in taxes  and feesRomanos Petrosyan: ENA CJSC paid approximately 63.7% more in taxes  and fees
 Papikyan: Armenia to allocate 150 billion drams for defense industry  development Papikyan: Armenia to allocate 150 billion drams for defense industry  development
Trump Imposes a Credit Card Interest CapTrump Imposes a Credit Card Interest Cap
Cognac and wine production in Armenia  significantly decreased by  December 2025Cognac and wine production in Armenia  significantly decreased by  December 2025
Trump imposes 25% tariffs on countries cooperating with IranTrump imposes 25% tariffs on countries cooperating with Iran
EEC Board sets import customs duty rate on natural calcium phosphatesEEC Board sets import customs duty rate on natural calcium phosphates
Armenia`s industry hardly retains growth by Dec 2025 Armenia`s industry hardly retains growth by Dec 2025 
Armenia`s metallurgical industry shows declineArmenia`s metallurgical industry shows decline
Electric energy output 6.5% up in Armenia in Jan-Nov 2025 as compared  with Jan-Nov 2024Electric energy output 6.5% up in Armenia in Jan-Nov 2025 as compared  with Jan-Nov 2024
Information security expert on risks of AI in government system Information security expert on risks of AI in government system 
Converse Bank Successfully Completes Globbing Bond PlacementConverse Bank Successfully Completes Globbing Bond Placement
Read more
Exchange rates
16.01.2026
RUB4.880.05
USD379.990.57
EUR441.32-0.14
GBP509.410.23
CAD273.530.59
JPY24.030.09
CNY54.520.06
CHF474.040.06