Armenian government undertakes measures to overcome<br /> consequences of financial-economic crisis<br />


Armenian government undertakes measures to overcome
consequences of financial-economic crisis

  • 04-12-2008 20:00:00   | Armenia  |  Economy
YEREVAN, DECEMBER 4, NOYAN TAPAN. Within the frame of work to overcome the negative consequences of the global financial-economic crisis, instructions were given to all the ministries, departments and regional administrations, as well as a request-proposal was submitted to the National Academy of Sciences so that the indicated structures will present proposals on business development, and indentify the current economic potential and programs which can be implemented with the government's assistance. The RA prime minister Tigran Sargsyan stated this at the December 4 sitting of the government. A commission was set up to coordinate this work. The commission is headed by the prime minister. According to T. Sargsyan, all the departments and ministries were instructed to summarize the proposals received from the private sector. The proposals will have two directions: one is that enterprises should have skilful and well-trained management that will present definite programs with the desription of all existing difficulties and the proposals on how the state can help these enterprises overcome the difficulties. The second direction is that if an enterprise lacks the respective level of management, the state should help it develop and implement business programs. In this connection, as the prime minister said, the participation of the state in such enterprises is no ruled out, thanks to which the state will get some levers for efficient implementation of the indicated programs. "That is, all the instruments we propose are very flexible and multiform. We expect the private sector to also make efforts for getting prepared to overcome all the negative consequences, while the state has enough opportunities and resources to help them," T. Sargsyan said.
  -   Economy