MondayNovember 24
  • USD 418.4
  • EUR 520.15
  • RUB 9.13

Armenia has powerful reserve represented by Diaspora - Russian expert

18:23, 02.11.2011 Region: World News, Armenia, Russia Theme: Economics, Analytics

The current economic situation in Armenia is difficult and it gets worse because Armenia, which is in a blockade, is dependent on the whimsical government of Tbilisi, Russian State Duma deputy-chairman, director of Institute of Political Studies Sergey Markov stated during the interview given to the Azerbaijani Zerkalo paper.

“At the same time, Armenia has a powerful Diaspora which is comparable only with the Jewish one. The Diaspora doesn’t let the Armenian Economy down and supports it. Armenia cannot receive such a support even from powerful partners like the US, France or Russia. That is why the economic situation in Armenia is difficult,” the politician announced.

It is important to take in account that this is not the first year when Armenia is in a difficult situation, the politician pointed out. According to his words if “rainy days” come, Armenia will always have its Diaspora who will help.

Armenia News - NEWS.am

More in topic

Armenia imports 147,000 pairs of cheap shoes from Turkey

In the first quarter of this year…

IMF reduces economic growth forecast for Armenia

The forecast is conditioned by deteriorating economic situation in Russia...

Committee head: New pension law will change the entire system

The final version of the law is not ready yet...

There is no real step showing any positive change – New Times party of Armenia

The country’s economy can change and develop solely through systemic changes…

Partner news