UMBA: Dram revaluation significantly slows down the export of  domestic goods

ArmInfo.The revaluation of the national currency significantly slows down the export of domestic goods.

This was announced at a meeting of the Presidium of the Union  of Manufacturers and Businessmen of Armenia (UMBA). According to the  press service of the UMBA, it was emphasized at the meeting that the  revaluation of the dram has dealt a significant blow to information  technology companies, most of whose turnover is carried out in  foreign currency. Significant damage is also caused to users of  external transfers. In order to analyze the current situation,  in-depth discussion of problems and develop adequate steps, it was  decided to hold a round table with the participation of  representatives of the financial and banking sectors, experts and  entrepreneurs for an open discussion.

It was also noted at the meeting that a serious obstacle to the  export of Armenian products is the problem of cargo transportation,  which is caused both by the workload of the Upper Lars checkpoint and  by problems caused by the organization of sea transportation. Another  problem is the insufficient number of trucks in the country. As a  result, both the process of exporting agricultural products and the  fulfillment of obligations undertaken to foreign partners and  ensuring deliveries on time became more complicated. It was proposed  to organize consultations using the platform and professional  capabilities of the UMBA to find ways to overcome the problem.

"It is necessary to intensify interaction in all possible areas, both  with state bodies and with economic and public circles, in order to  identify factors that contribute to the stabilization and promotion  of the economy, and to develop solutions," UMBA President Arsen  Ghazaryan said.

The meeting discussed and approved a range of issues that the Union  of Manufacturers and Businessmen of Armenia  will present to newly  appointed Member (Minister) of the Board for Economic and Financial  Policy of the EEC Bakytzhan Sagintaev  during the upcoming working  meeting.