RA PRIME MINISTER OPTIMISTIC ABOUT INDUSTRIAL PRODUCTION<br /> GROWTH IN ARMENIA <br />


RA PRIME MINISTER OPTIMISTIC ABOUT INDUSTRIAL PRODUCTION
GROWTH IN ARMENIA

  • 22-12-2006 21:05:00   | Armenia  |  Economy
YEREVAN, DECEMBER 22, NOYAN TAPAN. The RA Prime Minister Andranik Margarian is optimistic about the issue of industrail production growth in the country, which he substantiates by the increase in production of several big and medium enterprises. He stated this at the December 22 meeting. Responding to NT correspondent's question what steps the government will take to promote industrial developemnt, he noted that the company RusAl-ArmenAl is operating at full capacity since November 2006. According to A. Margarian, the RA government is also taking steps to ensure the work of the Vanadzor Chemical Complex through attracting investors. He expressed satisfaction at the fact that the share of mining industry is growing in the industrial production, expressing a hope that the sector's enterprises will contribute to the growth of production and export. Nevertheless, A. Margarian considered medium entrepreneurship as the major force of Armenia's industrial developemnt, particularly in agricultural food processing where about 10 enterprises opened in 2006. It was noted that the RA government will take measures to rule out sharp fluctuations of the exchange rate of the Armenian dram against the US dollar, ensure equal competition conditions and reduce the shadow sector of the country's economy.
  -   Economy