If world crisis continues, Armenia will suffer economic disaster: MP

"On the whole, decrease in investments volume is observed throughout the world and is due to the world financial crisis", said member of the standing committee of Milli Medjlis for economic policy, deputy Vahid Ahmedov, commenting on the reduction of volumes of investments from Russia to Armenia.

He said this is natural that crisis was recorded both in Armenia and in other countries.

"But the crisis is deeper in Armenia as compared to other countries, for production is almost stopped in Armenia, while there are almost no investments to the country. Therefore, Armenia is in a hard state. Moreover, Armenia does not take part in any regional project. Therefore, its state is difficult", said the deputy.

"At the same time, we can not say that the economic state in Russia is normal. It was also affected by the crisis, which reduced the volume of its investments. It is interesting that as compared to Russia and Armenia, the volume of investments to Azerbaijan has not reduced and even grown", noted Ahmedov.

"If the financial crisis is recorded in the world both in 2009 and 2010, Armenia will suffer economic disaster. Armenian economy has many problems, for example, delay in wages and others. Therefore, the economic state in Armenia is grave", said he.

"Why does this crisis affect Azerbaijan not so much? Because we participate in most global projects. Unless the Karabakh conflict is settled, Armenia will have economic problems and its economic state will be worsening with each passing day. The only way out of this crisis is the soonest resolution of the Karabakh conflict", concluded Ahmedov.

/Day.Az/