Armenia to make radical changes in industrial policy. PM

YEREVAN, JUNE 22, ARMENPRESS: We must establish a competitive economy resulted by Government-private sector partnership. Armenian Prime Minister Tigran Sargsyan came forth with the speech at the course of the business forum entitled “Armenia, opportunities for growth and international experience organized by the junctions of Black Sea Trade and Development Bank (BSTDB).

The head of the executive body declared that radical change in industrial policy is ahead.” We are concerned that Black Sea bank make investment in Government implemented projects. Armenia high estimates the projects launched by Black Sea Trade and Development Bank (BSTDB), worth 75 million US dollar” Sargsyan noted, Armenpress reports.

Armenian PM assured that they are creating new conditions for business start-ups, which is the number one problem in Armenia.Prime Minister did not deny the obstacles hindering to launch business in Armenia and promised to foster law enforcement and judicial bodies to avoid it.

In the words of BSTDB chairman Andrey Kondakov Black Sea states ensured sustainable growth against the background of international economic development. “Armenia is the best example of it” Kondakov concluded, informing Black Sea bank will provide 50 million euros to Armenia for the financial support by 2014.

Black Sea Trade and Development Bank (BSTDB) is an international financial institution founded by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Romania, Russia, Turkey and Ukraine. Bank authorized capital makes3.3 billion euros.