First sitting of Economic Policy Council under PM took place in  Yerevan 

ArmInfo.RA Prime Minister Nikol Pashinyan chaired the first sitting of the Economic Policy Council under the Prime Minister of the Republic of Armenia, held via video  link.  

As the press service of the RA PM reports, Arthur Javadyan, Chairman  of the Board at the Centre for Economic Perspectives Foundation,  Artak Kamalyan, Member of the Board for Industry and Agriculture of  the Eurasian Economic Commission, Gurgen Aslanyan, Chairman of the  Armenian Economic Association, Eugene Kandel, Professor at the Hebrew  University of Jerusalem, Zareh Asatryan, Member of the Center for  European Economic Research, Levon Barseghyan, Professor at U.S.   Cornell University, Ruben Enikolopov, Assistant Professor at the New  Economic School in Moscow, Vladimir Asriyan, Professor at the  Barcelona School of Economics, Alexander Auzan, Dean of the Faculty  of Economics of Moscow State University participated in the session  as members of the Council.

In his speech, Prime Minister Nikol Pashinyan particularly said,

"Dear members of the Economic Council, participants,

I am glad to host the very first meeting of the Council.

Before I begin, I would like to sincerely thank members of the  Council for accepting the invitation to join and for your willingness  to support Government of Armenia through providing objective economic  advice on the formulation of economic policies.  This format is ever  important now, when the global economy is going through  transformative turbulence as the result of pandemic, hastening pace  of digital transformation, climate change and geopolitical tensions.   Some of the challenges, such as accelerating rate of inflation and  disruption of supply chains are especially challenging for small  economies.  Armenia is not an exception.

We have registered robust economic growth during the first quarter of  2022, but we do understand that a longer term sustainable economic  development will largely depend on flexibility and effectiveness of  our today's reforms and projects.

I am sure that the Economic Council will grow into an institution  that will help, support and guide economic reforms in Armenia, and I  am firmly committed to support activities of the Council through  open, transparent but constructive dialogue.

I wish all participant successful and fruitful discussion".

Then, issues related to the further activities of the Council were  discussed. The participants of the meeting expressed confidence that  the discussions to be held within the framework of the Council will  contribute to the formation of steps, ideas and proposals aimed at  overcoming the existing challenges in the field of economy and  finding effective solutions.

The next meeting of the Council is planned to be held in July in  Armenia.