YEREVAN, December 28. /ARKA/. “Armenia managed to come out of crisis with minimum losses”, said Artur Javadyan, Head of Central Bank of Armenia on Monday. The year 2009 was hard and contradictory year from economic point of view which allowed to detect strong and weak sides of Armenian economy, its priorities and achievements.

“It is difficult to disagree with the assessment of the government that absence of diversification and competition are the most serious challenges for Armenia. At the same time it is difficult to underestimate the investment of macroeconomic and financial stability in the provision of economic sustainability”, said Javadyan.

Pre-crisis achievements of macroeconomic policy allowed Armenia to quickly mobilize essential external and internal resources, maintain inflation atmosphere not hindering economic growth and stability of financial systems in creditability policy.

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