Nerses Yeritsian: Armenia has potential for developing
pharmaceutical and tourism sectors
10-03-2009 14:00:00 | Armenia | Economy
YEREVAN, MARCH 10, NOYAN TAPAN. Information and high
technologies, tourism, and pharmaceutical sector are of
importance from the viewpoint of diversification and increasing
the Armenian economy's export potential. The opportunities to
increase production volumes in the pharmaceutical sector are
related to growing demand in the international market, the RA
minister of economy Nerses Yeritsian stated following the visit
of Armenian president Serzh Sargsyan to Liqvor pharmaceutical
company on March 7.
The minister explained that the global market of
mass-production medicines will expand year by year, the demand
for medical services will grow, and today there is some deficit
of medicines in the world. "Countries with production,
technological and scientific opportunities, well-qualified labor
force and a university potential for personnel training define
pharmaceutics and tourism as high-priority sectors. We have this
potential, and we hope that in parallel with its development it
will become possible to shift to the sale of medicines we have
created. But time is needed to achieve this," N. Yeritsian
said.
In his words, thanks to the use of the indicated potential,
Armenian pharmaceutucal companies may expand rapidly, make
investments in scientific and technological developments and
produce several types of medicines under their own brands at
much higher prices. It was mentioned that Armenian companies
also have the opportunity to occupy some niche of the domestic
market of most necessary medicines.
The minister added that enterprises of all sectors of the
economy have export and marketing problems, for solution of
which the government plans to provide institutional assistance
as well - by using the capacities of the Armenian Development
Agency and the National Competitiveness Council.