Armenian premiers speaks about ‘realities’

/By AzerNews/

By Laman Sadigova

Armenian Prime Minister Hovik Abrahamyan has once again blamed external processes for problems that the country faced. Addressing an extraordinary meeting of the government, Abrahamyan insisted on that the country is on the right way and keeps increasing the rate of growth.

“Although Armenia could not avoid the negative impact of serious geopolitical and regional challenges, the government has been able to confront challenges and to ensure economic growth thanks to the centralization of resources, efforts and confident, innovative steps,” he said.

Despite Abrahamyan’s arrogant statements, based on unknown and mysterious facts, the real state of things in Armenia rings the alarm. The Justice Ministry has recently announced that 69 companies declared bankruptcy in December 2015.

Chairman of the Employers Union Gagik Makaryan said that according to data released by the Armenian Ministry of Economy, during the year 7,000 companies operating in Armenia were closed.

Makaryan added that there is a negative trend in the activities of companies operating in the sphere of trade and services, compared to the last year. "Today we are closing computer companies and companies involved in information technology, which once were considered a successful business," he said.

He further stressed that the officials help their families to create business, creating unequal competition in the small and medium business.

The situation remains unstable and, more likely, the country’s economy will face even more difficulties in 2016.