Tigran Sargsian: One Of Government’s Purposes Is To Make Armenia A F

TIGRAN SARGSIAN: ONE OF GOVERNMENT’S PURPOSES IS TO MAKE ARMENIA A FINANCIAL CENTER

Noyan Tapan
April 22, 2008

YEREVAN, APRIL 22, NOYAN TAPAN. One of the important purposes of the
government is to make Armenia a financial center, the prime minister
Tigran Sargsian stated when introducing the newly appointed minister
Tigran Davtian to the staff of the ministry of finance. The prime
minister said that T. Davtian is known among economists as an
experienced specialist who is well-familiar with the economic problems
of the country, also as a decent, educated and honest person with a
rich biography.

The former minister of finance Vardan Khachatrian said that he assumed
this post in 2000 in hard conditions when the state budget’s current
deficit amounted to 63 bln drams (about 203.2 mln USD at the current
exchange rate), while economic growth made 4.2%. In his words, by
common efforts they managed to get out of this situation and enter
a period of sustainable development. V. Khachatrian expressed an
opinion that an electronic procurement system should be introduced so
that in 2010 it will be possible to transfer to a programmed system
of budgeting.

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