19/12/2012 17:42
Manaserian: Little work done to reduce shadow sector
This year was quite a difficult one for the Armenian economy. There were some positive changes in the economy, but challenges prevailed, economist Tatul Manaserian said at a meeting with journalists today.
He enumerated the alarming problems of Armenia’s economy: a large shadow sector, high unemployment, the outflow of labor from the country, and the sad state of science.
In his words, a flexible tax policy is not implemented, little work was done to reduce the shadow sector, political will is necessary.
The economist stressed that the economy should be viewed in its interconnection with political developments. The investment environment is quite sensitive and affected by various factors. This year’s parliamentary elections have had their impact on the economy.