It was knocking our door, but we were saying

Vardan Bostanjyan, the president of the Standing Committee on Economic Affairs of the National Assembly, today at the conference expressed a view-point that even the most powerful countries cannot avoid the crisis. As to him it is really a very negative phenomenon.

“It was knocking our door, but we were saying the crisis would not harm us. All the people who make short-term predictions fail”,- said Bostanjyan.

He thinks that in this case we should acquire a very miserable look and ask money from strangers to input in our economy.

The MP is not even optimistic in the industrial growth, he even asked whether there exists any industry and answered that in reality it is just the “illusion of industry”.

“The relations of export-import are more brisk reaching 1:7. Actually we pay for something made by others. At one time we put some stress on transfers, but now even they are reduced”,- mentioned Vardan Bostanjyan.

Bagrat Asatrayan, the former president of CB, started with the “saddest” topic: “What’s new in the economy of Armenia?”

At first he remembered that he had given the prediction of the previous year according which the economic reduction was to be around 20%.

“By the December program of the last year the Government prepared 9.2% growth. The reduction will go on, the temps will be changed, I suggest you one more time to gather yourselves”, - said Asatryan to the deputy minister of Finance.

At the same time CB former president told that the government tries to cure the illness by the cause of the illness, the inflow of the money.