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MAY 12. Exports of finished products have considerably increased in Armenia during the last year. Last year alone, the rate of economic growth in Armenia reached the level of the Baltic states, Armenian Prime Minister Andranik Margarian told reporters.

According to him, the Armenian Government tried to improve the situation using its own potential. “A high rate of economic growth has been ensured in a short period. However, the economic growth rates will be lower next year than this year,” Margarian said, adding that the country possesses a good basis. Among the resolved problems Margarian included the issue of the Armenian NPP. He pointed out that the sum necessary for purchasing nuclear fuel has been transferred by the “Energy Grid of Russia” JSC, and the fuel is to be received before the end of May. As regards the telecommunication problems, an open meeting of stockholders of the “ArmenTel” company may be held next year. Speaking of the “Nairit” CJSC, the Prime Minister pointed out that the issue of attracting a Russian investor to the enterprise is currently under consideration.

Andranik Margarian didn’t present any figures. According to him, the ministers have already done it and besides, the economic indicators are submitted in the report of the Government in detail. According to the document, during the three of the successive activities the Government succeeded to reach solution of several social and economic problems. Andranik Margarian was satisfied the fact that they managed to redeem foreign debts to the European union, Russia, Turkmenistan, even if our enterprises were proposed in exchange of it. During three year $125 mln of the $137 mln credit were repaid ahead of schedule. The remaining amount will be repaid till the end of the current year, the premier promised.

One of the achievement of the Government formed by the Republican party, according to him, is that the number of departments were reduced. He thinks that it’s not so easy to conduct a policy of reduction of number in the Ministries. Thanks to these reductions since June 1 salary of state servants will increase. “Unless they are needy, they will abuse their position”, Andranik Margarian said, adding that he considers abnormal the fact that several pro-Kocharian forces, for example, the party Orinats Yerkir criticizes the government, avoiding responsibility. Nevertheless, the leader of the Republican party promises not to be vindictive in case if the party forms majority in the National Assembly. Andranik Margarian said that if the party decides that he must continue to be in the post of the premier, he will continue his activity.

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