YEREVAN. – The rising energy prices in Armenia should not become an obstacle for the innovative development of the country’s economy. 

Economy Minister Karen Chshmarityan stated the above-said to reporters on Thursday. 

“The global economic competition remains just as stiff, and those countries that develop the human resource, which prepare high-class specialists and increase labor productivity, introduce new technologies for the country’s economy,” Chshmarityan added. 

As of August 1, the price of electricity in Armenia will increase by 10-15 percent.