July 9, 2026
Various professional circles describe the situation created around the economy as a crisis, pointing to the problems of exporting agricultural products on the one hand, and the series of encroachments against property rights with political contexts on the other. yesterday it was Samvel Karapetyan, today it was Gagik Tsarukyan.
What concrete economic consequences will these realities have, the answer to the question? 168․amhas heard economist Hayk Farmanyanfrom
“It is an obvious fact like an axiomatic truth that what is happening will lead to short-term and long-term negative consequences. Harassment in particular will not lead Armenia to any good place. we talk about investments, we talk about the protection of human rights, etc., etc., etc., and all this becomes a bubble.
At first we saw what happened in relation to the National Economic and Social Committee, now in relation to Gagik Tsarukyan’s businesses. In addition to the social side, if we make far-reaching assumptions, we can also assume that all this is being done so that property redistribution takes place, as a result of which there is no guarantee that Turks and Azerbaijanis will not come to invest in these companies. There is also the problem of the country’s reputation,” the economist said in response.
Hayk Farmanyan also addressed the Russian side’s concerns regarding Russian capital, in this context recalling an episode of Nikol Pashinyan’s meeting with his Russian counterpart, Mikhail Mishustin.
“The Prime Minister of the Russian Federation formulated an idea roughly as follows: we hope that the government to be formed (he does not say whether it is your government or you, etc.) will create comfortable conditions for Russian capital. This was a slap in diplomatic language. He warned the Prime Minister of Armenia, and the Prime Minister of Armenia did not resolve any issues and actually came back. export problems have not been solved, and think that this trend continues.
According to my prediction, they will further toughen their position in the form of various other sanctions and clearly say: forget your TRIPP and European Union aspirations and decide whether you stay in the EAEU or go to the EU. If Armenia continues today’s line, Armenia will end up in a dead end, or we will be Turkified and Azerbaijanized,” he added.
According to Farmanyan, even if there is a problem with any businessman, in civilized countries they are solved in a different way and not by “laying a 70-year-old man on the ground, closing companies, leaving workers on the street.”
“They are doing something based on their own interests, which harms the reputation of our country,” summed up the economist.
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