YEREVAN. - Armenian News - NEWS.am offers exclusive interview with the Head of the Eurasian Development Bank (EDB) representation in Armenia Sergey Yelizarov.

Is the supporting documentation for Nairit’s application to EurAsEC Anti-Crisis Fund ready: feasibility studies, environmental action plan, marketing strategy of the industry?

I reckon it is yet untimely to speak about the need to start a full-fledged work on the documents. Investment project on Nairit must first be approved by the Board of ACF. In the case of a positive decision we will come up with a schedule, including, inter alia, the preparation and submission of documentation. Therefore, next meeting of ACF Council might be the starting point for work on these documents.

How would you estimate Armenia’s economic index – Draft of State Budget for 2012, dynamics of state debt, inflation, and current state of economy?

Overall picture of macroeconomic situation in Armenia tends to be stable: indexes for inflation (5.7 percent in October 2012 in relation to the same period of last year), increase in GDP (5 percent for January-September 2012 in relation to same period of last year) and ratio of external debt to GDP (4 percent for September 2010). Persistence of such trends may favorably affect the increase in tax revenue and, consequently, the growth of budget revenues and reduction of its deficit.

Which sectors have the have the greatest potential of development in Armenia in near future?

In my opinion, the mining industry and agriculture would be called most perspective.

These sectors may have a significant impact on improving the economic situation in the country. Development of infrastructure and transportation, as well as further improving the investment climate in the country should contribute to these sectors.

Interview by Aram Gareginyan.