The government program doesn’t envisage radical changes. This is what head of the Union of Domestic Commodity Producers Vazgen Safaryan told journalists on 6 March.
According to him, Armenia will continue to lead its economic policy with the spirit of free market relations and liberalism that it has been leading for the past 30 years and that has only led to the reduction of jobs and emigration.
“I believe we need to readopt the approaches adopted by the former government in December 2011. At the time, the former government had predetermined to allocate AMD 300 million for industrial development,” he noted.
According to the head of the Union, it is necessary to assess and review the outcomes of privatization and clarify the extent to which the dissolution of the Ministry of Industry was appropriate. “Through a literate state policy on foreign trade, Armenia could have had foreign capital worth nearly $200 million and could have invested that money in industrial development,” Vazgen Safaryan concluded.
