YEREVAN. – Independence brought new economic system with new perspectives and challenges.

The independent state has inspired hope on hard work and spirit of enterprise in citizens of Armenia, proclaiming the free market since the first days, Armenian President Serzh Sargsyan stated at the meeting organized for representatives of social-economic sphere on Thursday.

“Some people think that it is enough to announce capitalism and entrepreneurs will emerge. However, the reality appeared to be harder. Having very restricted natural resources and being in a blockade for about twenty years, we could create economy. It feeds and arms our soldier and provides proper life for our teacher. Community established small, medium and major business classes. We have step by step restored the interrupted tradition of philanthropy.

Developed states also face social issues. However, they have a social state, which we should still achieve. Social security of society is directly linked to the state of our economy. If the first develops, the seconds also registers progress.

Armenia moves forward, despite existing issues. Progress of our state and society is comprehensive. Sometimes we see a discrepancy between the levels of different areas. We have chosen the path of sustainable recovery, and our country in on an irreversible path of harmonious development,” the president stated in his speech.