Minister has a naked eye?
Minister of Economy Tigran Davtyan today summed up the passing year.
The growth of poverty that has been registered in the past couple of years isn't showing the positive dynamics of the economy in 2011. However, Minister of Economy Tigran Davtyan isn't too concerned about that because he knows the reason for that.
"That was the global economic crisis that unfortunately hit Armenia in 2008 and 2009," the minister explained.
The minister says the year 2011 was unprecedented for Armenia because it had positive economic indicators.
"There will rarely be anyone who can deny that because the objective figures show that and one can see it with a naked eye," Minister Davtyan said.
According to Davtyan, new initiatives and the creation of workplaces will help reduce the level of poverty in 2012. It is known that workplaces are mainly created in the private sector and that most of the representatives have started moving their businesses out of Armenia, like Parisian Coffee. However, Tigran Davtyan doesn't agree with that.
"There is no such tendency. There is no country where a businessman moves his business out of the country. There are stories behind cases."
To prove that, Davtyan mentioned that there are 4,500 companies in Armenia with foreign capital and that number increases by 200-300 every year.
In addition, there are companies with Armenian capital in the region and they contribute to the increase of exports of local products.
According to statistics, there have been more entries than exports.
