Digital economy is transforming our lifestyle – Central Bank governor at Doing Digital Forum

YEREVAN, APRIL 5, ARMENPRESS. Digital economy is changing the lifestyle of people and the ways of doing business, the Governor of the Central Bank Martin Galstyan said at the first Doing Digital Forum in Yerevan organized by SPRING PR with support from Ameriabank.

“We hope that the rapid technological breakthroughs will allow our society to become more productive and prosperous. There is some caution because it could take away jobs and the whole world from us. Overcontrolling people could lead to the application of sophisticated tools without proper validation of capabilities. If this isn’t properly controlled it will have horrific consequences of distribution because only a few will be able to make use of the technological advance,” he said.

Galstyan said the Central Bank focuses on three main areas – cooperation with the private sector, creation of infrastructures and data.

He added that Armenia is making investments in cybersecurity capacity.

Galstyan said that the transforming analytical and innovative solutions are the way for advance for them. He said they want to ensure more citizens benefiting from a more digital and sustainable economy.

The governor of the cenbank described the forum as a great opportunity to speak about digital and technological issues.

Deputy Prime Minister of Armenia Mher Grigoryan also delivered remarks.

“It is commendable that such platforms are guided by the private sector and the professional community,” Grigoryan said. “The digital future must become reality through the significant role of the citizens and the private sector, and the government will make efforts to introduce a policy of open and accessible data and forming the critical infrastructure, rules of gameplay and a safe and favorable environment. This is the fundamental approach of the government in implementing digital reforms.”