Monday, June 29 2020 09:52
Alexandr Avanesov

Prime Minister instructed to develop a program-strategy of actions  aimed at restoring the potential for economic growth 

Prime Minister instructed to develop a program-strategy of actions  aimed at restoring the potential for economic growth 

ArmInfo. The Commission for Coordination of Activities to Prevent the Spread of Coronavirus in the Republic of Armenia met in the Office of Government, chaired by Prime Minister Nikol Pashinyan. 

As the press service of the Armenian government informs, the  discussion was attended by the heads of departments representing the  financial and economic sector, MPs from the relevant National  Assembly commissions, government officials responsible for the  proposed anti-crisis measures.

Minister of Economy Tigran Khachatryan presented a summary analysis  of the current situation in the economy and macroeconomic indicators.  The Minister noted that the economic indicators had improved in May  as compared to April. The decline was much smaller in a number of  areas, with some growth recorded in a few sectors as compared to the  same period last year.

With reference to the harvesting campaign, Tigran Khachatryan  reported the results of a meeting held with representatives of large  production and processing companies in the field of viticulture and  winemaking.

The meeting discussed further action to overcome the economic impact  of COVID-19, inclusive of short and long-term steps. The mechanisms  and financial tools for promoting the economy amid crisis were  discussed in this context. A number of proposals and recommendations  were voiced concerning the development of infrastructure and  diversification of exports, identification of new sales markets,  digitalization, services, domestic tourism, etc.

Issues of effective organization of agricultural procurements were  raised during the exchange of views that followed. The need for  raising public awareness of the rules imposed by the Commandant  Office, introducing educational and qualitative standards in the  programs aimed at promoting the economy was highlighted during the  meeting.

Prime Minister Pashinyan instructed Deputy Prime Minister Mher  Grigoryan to initiate the development of a program-strategy of  actions aimed at restoring the potential for economic growth based on  the results of the meeting. The Head of Government suggested that MPs  representing the relevant parliamentary commissions should initiate  discussions with other stakeholders, finalize the proposals and  submit them as part the government's action plan.

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