79% OF EMPLOYEES IN ARMENIA WORK IN PRIVATE SECTOR
YEREVAN, APRIL 8, NOYAN TAPAN. Thanks to the policy conducted by
the Armenian government in recent years, a strong private sector has
formed in the country’s economy. The RA Deputy Minister of Trade and
Economic Development Gagik Vardanian stated this at the international
conference “Armenia’s Sustainable Territorial Development at National,
Regional Local Levels” on April 7. According to him, private sectors
have formed in almost all spheres, including industry, agricultural
production procession and information technologies. He indicated
that at present over 80% of Armenia’s GDP is produced and 79% of
employees are working in the private sector. At the same time the
deputy minister noted that the changes in all the spheres of the
Armenian economy are mainly quantitative, and a great deal has to be
done to bring about qualitative changes as well. The high rates of
economic growth and the private sector’s development have taken place
“on a narrow basis”. According to G.Vardanian, the fact that last
year exports made 760 mln USD also bears evidence of a low level
of qualitative changes. The speaker noted that the private sector
already comprehends the importance of funding the scientific research,
as well as innovation activities and environmental and social problems.