Armenian national economy in miserable condition - expert

By Azernews

By Rashid Shirinov

The statement on alleged 10-percent GDP growth in Armenia, which was made during the meeting between the Armenian and Russian presidents, has nothing to do with reality, Armenian economist and former MP Vardan Bostanjyan said at a press conference on August 15.

In his words, this figure has “pleasantly misled” both Armenian and Russian specialists. 

“It’s not that the presidents don’t master statistical data,” stressed Bostanjyan. “This shows that they just don’t care about these figures. They could say 20 or 30, it had absolutely no value.”

As per the economist, this statement is a sign that the presidents want this.

He also considered Armenia to be squeezed out from all regional events and projects because of recent meeting of Russian President with the leaders of Azerbaijan and Turkey.

Lately it was announced that tripartite mechanism between Azerbaijan, Russia and Turkey may be created in the near future.

“It is obvious that there is a clash of big political interests. In fact, the current situation in the region is unfavorable for Armenia,” Bostanjyan acknowledged.

Referring to the current economic situation in Armenia, the economist said that fundamental changes are needed in the system of governance: “Not cosmetic but fundamental. The psychological factor also plays a role. A psychological decline reigns throughout Armenia.”