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YEREVAN. – “I don’t see signs of development in the draft of the 2015 State Budget.”  

Non-pro-government Prosperous Armenia Party (PAP) member, former MP, and economist Vardan Bostanjyan noted the above-said at a press conference on Thursday.

As per the economist, it will be barely possible to achieve the 4.1 percent economic growth, which the country’s government has set as its goal.   

“The industry of the republic is at the stagnation phase and is limited to the use of the resources it has. I see no effort in the development of innovations, or new branches of industry.  

“We [, Armenia,] used to export metal concentrates, and we continue to do so. Where is the development here?” the PAP former deputy asked.

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