YEREVAN. - Armenia has all opportunities with its social-economical indexes to achieve middle European quality of life during the next 20 years, Armenia President Serzh Sargsyan told Russian TV channel Russia-24 on the 20 years of Armenian independence.

The president added that the reforms, which are currently implemented, should be applied persistently. Armenia’s current budget is 10 times more compared to pre-independent period.

“We believe now is the time to strengthen our state, improve our social-economic indexes and well-being of our nation,” Sargsyan stated.

The president stressed Armenia is able to develop faster than it does currently. It is not a secret that the world crisis also hit Armenia, however, Armenia has overcome it since last year and has even registered about 2% of GDP growth, Sargsyan noted.

Armenia has registered 5% growth in economy, over 12% in industry, 15% in agriculture and 7% in services sector for the past eight months. Armenia’s economy has adapted to the maximum. It still develops and registers good activity indexes, the president concluded.