ARMENIA TO IMPROVE ITS ECONOMY

The Messenger
Nov 11 2011
Georgia

Armenia’s Prime Minister Tigran Sarkisian stated on November 8 that
in 2012 his country plans to increase economic development up to the
level of the pre-crisis period. During the first five months of this
year Armenia’s economy increased by 5 %. Sarkisian also said that
diversification of the Armenian economy is underway to reach a level
that can create more jobs and eliminate poverty. Some local analysts,
however, express concerns that Armenia could face a second wave of
the economic crisis coming from the direction of the Russian economy,
to which is closely connected.