Expert: Armenia Should Get Involved In Russia’s Anti-Crisis Program

EXPERT: ARMENIA SHOULD GET INVOLVED IN RUSSIA’S ANTI-CRISIS PROGRAM

YEREVAN, February 2. /ARKA/. Armenia should get involved in the
implementation of Russia’s anti-crisis program, Ashot Tavadyan,
head of the department of economic and mathematical methods of the
Armenian State University of Economics, said on Saturday.

“It is necessary to support exporters for that, to develop small and
mid-scale businesses, subsidize those loans taken for production of
exports as well as to help socially unprotected categories of people,”
he said.

In his words, Armenia has no any anti-crisis program, and the
government should work out it.

“The first step has already been done – duties of large exporters of
manufactured goods have already been lowered, and the central bank
is taking appropriate steps – it has increased its refinancing rate
to 9.5%,” Tavadyan said. —0—–