Tag Archives: global economic crisis

Armenian Ministry Posts Decline in Industrial Output

YEREVAN (RFE/RL)–Armenia has seen a dwindling output of its industrial enterprises so far this year, according to the data of a monitoring conducted by the country’s Economy Ministry. Hayk Mirzoyan, a Ministry official in charge of economic development according to branches and territories, told the media on Wednesday that despite the overall decrease in industrial

Premier Outlines Global Crisis Risks for Armenian Economy

YEREVAN (RFE/RL)–Armenia’s prime minister spoke of the risks that the country faces in view of the continuing global economic crisis as he visited parliament for a state budget debate Wednesday. Addressing lawmakers from the parliament tribune Tigran Sargsyan said Armenia is ready to face up to the challenge and make sure the crisis has a

Armenia Sets New Development Targets

YEREVAN (RFE/RL)–Armenia’s government approved on Thursday a long-term economic program that commits it to achieving over the next decade much greater prosperity already enjoyed by the European Union’s new, formerly Communist, member states. “Our target is the level of economic development of eastern and central European countries,” said Finance Minister Tigran Davtian. “The program envisages