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.