BRUSSELS. – World crisis revealed Armenia’s main problems, including wrong diversification of economy, unproductive public management system and unequal conditions for competitiveness, Armenian PM Tigran Sargsyan said on Monday at the Center for European Policy Studies (CEPS).

The PM believes that the economic crisis promoted growth of poverty, increase of foreign debt and high percentage of inflation. At the same time the EU has supported the country in overcoming world financial crisis consequences.

“Dear friends, the ideology of our reforms lies in establishment of democratic society. We believe that the most productive way to achieve it is the establishment of the middle class,” the PM stated before disclosing main directions of implementation of further reforms. “Among our priorities is the creation of appropriate conditions for the development of the business environment. We do understand that delay in implementation of the reforms brings forward reduction of trust towards the Government,” Sargsyan said.