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.