FOREX CLUB: Armenian economy overcoming crisis dynamically

01.11.2010 17:26
FOREX CLUB: Armenian economy overcoming crisis dynamically

YEREVAN, November 1. /ARKA/. Armenian economy is overcoming the crisis quite dynamically, the head of analytical department of FOREX CLUB Andrey Dirgin said.

Many things will depend on how open the economy will be, he told ARKA News Agency in “Novosti” International Press Center today.

Dirgin is sure open traffic between Armenia and Turkey is needed.

“The economic and even the human logic of our life shows that business should smooth over some political problems a bit,” Dirgin said adding that both Yerevan and Ankara are currently making efforts to achieve this.

The political analyst also mentioned that freight traffic is to reduce Armenia’s dependence on the transit via Georgia. “This, no doubt, will have impact on price levels in the country,” Dirgin said.

Over the last two years a progress has been recorded in Armenia-Turkey reconciliation initiated by Armenian President Serzh Sargsyan over the last two years. On October 10 2009 Armenian and Turkish foreign ministers signed protocols about establishing diplomatic relations between the countries and developing bilateral relations. Yet Turkey has delayed ratification of the protocols many times under various pretexts, which made the Armenian President stop the process on April 22 2010.

In terms of UN human development index Armenia is a leader in Transcaucasia, yet the main factor in this relation is the access to medical and educational services, Dirgin said. He also mentioned that Georgian economy is dynamically developing today owing to direct foreign investments, transit payments and Baku-Tbilisi-Ceyhan oil pipeline with Baku-Ceyhan gas pipeline to come soon. –0--

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Tags: , , Новости Армении АМИ Новости-Армения

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