YEREVAN, DECEMBER 3, NOYAN TAPAN. Despite a decline in exports and the withdrawal of Russian capital from the country, the global economic crisis has not yet affected Armenia, the RA minister of finance Tigran Davtian said when responding to a question of deputy Samvel Sargsyan at the December 3 sitting of the RA National Assembly. In his words, Armenia avoided the impact of the first stage of the crisis - the financial crisis as the country's financial system has not yet integrated into the global system, and besides, it is quite small. As regards the economic crisis, it has just begun and today it is impossible to assess the time and scale of its impact on Armenia. The finance minister said that the government has taken some steps to soften the impact of the crisis. In particular, it was decided to allocate a sum equivalent to 50 million dollars with the aim of assisting small and medium business. Besides, negotiations are being conducted with the World Bank on doubling the financial assistance to Armenia. According to T. Davtian, the matter concerns a sum of about one billion dollars.

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