YEREVAN. - Armenian Prime Minister Tigran Sargsyan on Tuesday attended the meeting of Armenian MFA central staff and heads of diplomatic missions abroad.

Tigran Sargsyan spoke about the current state of Armenia’s economy, presented the upcoming programs and planned activities of the government. The Prime Minister summed up the economic results of the first half of 2011 and noted that 4.6 percent growth of GDP is expected in 2011.

As for inflation, according to him, from 10-percent inflation stage Armenia has stepped into 5 percent stage, which will create favorable environment for curbing inflation in 2012.   

Reflecting on the priority programs of the government, the PM said that they also cover the process of improving the business environment. During current year, the government carried out important activities in this area, particularly, in the direction of tax and customs administration, the introduction of electronic reporting system that should significantly reduce the contacts of tax inspectors with representatives of the business environment.

Prime Minister Sargsyan informed the diplomats that the concept of industrial policy and the program of its implementation are being developed in Armenia for the first time. It will encompass the economic structure of Armenia for the next 10 years, identify the present and highlight comparative advantages and constraints, he added.