On April 8 at the Congress Hotel, the Armenia Alliance presented the socioeconomic section of its preelection program ahead of parliamentary elections.
The program was presented by National Assembly Armenia faction MP Artur Khachatryan and faction Secretary Artsvik Minasyan.
“In the late 1990s, within just a few years, Armenia began to grow rapidly as a result of economic, industrial and infrastructure changes. It grew so quickly that the World Bank called Armenia the ‘Caucasian Tiger,’” said Artur Khachatryan, noting that during those years the country recorded an average growth rate of 12% and, for the first time, experienced positive migration.
Referring to the years of Robert Kocharyan’s administration, Khachatryan said: “We have already once brought the economy out of crisis; today, the economy is once again in crisis.”
He said Armenia’s current economic growth is largely based on services and retail trade, while exports are mainly driven by gold, diamonds, mining, brandy and tobacco.
