According to Forex Club, Armenia overcomes post-crisis issues dynamically

YEREVAN, NOVEMBER 1, ARMENPRESS: According to “Forex Club” company, Armenia dynamically overcomes the issues originated as a result of the global economic crisis, registering 10, 9 % growth in industry in the 9 months of 2010. It is already for 10 years that Forex Club implements researches in the financial and economic sphere in Armenia. Analyzer of the company Michael Verdyan, presenting their resolution of activities directed toward overcoming of crisis in Armenia and the restoration process of economy said that the attempts of overcoming the crisis in Armenia have started from 2009.

Head of “Forex Club” information-analytical center Nikolay Ivchenko is sure that trade is a branch promoting restoration of Armenia’s economy, the sphere of transport, communication, and construction are of importance, too,” he noted.

“If we compare the development tempos of Armenia, Georgia and Azerbaijan, we will see that Armenia is in leading position, as the others are developing mainly thanks to foreign support,” head of the company’s analytical department Andrey Dirgin said. In his opinion, the opening of the Armenian-Turkish border will greatly contribute to Armenia’s economy. “It would be good if the political issues were smoothened as soon as possible, for the opening of the Armenian-Turkish border would be a new and powerful way of economic development, Mr. Dirgin added.

According to analyzers, it is the USA that dictates the tempos of restoration of the global financial and economic crisis, and the economy of the latter, is moving forward to post-crisis restoration with slow, but firm steps.