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ARMENIAN ECONOMY NEEDS INNOVATIONS

“The number of saunas and night clubs is increasing in Armenia day by day. They only enhance the sex industry,” announced Edward Aghajanov in the club “Pastark” today.

He claims that the economy of the country can only develop due to innovations-due to the shift to knowledge-based economy.

“The 2003 – 2007 project of the RA Government touched upon the idea of establishing innovative economy in Armenia but it hasn’t been implemented so far. Armenia cannot develop all the branches of science at the same time.

We must develop at least a few branches – informational, hi-tech, medical, biological, etc,” noted Mr. Aghajanov.

Mr. Aghajanov confesses that he has already got tired of referring to the innovative economy. But he becomes indignant at the fact that the government decided to allocate only one percent of the 2008 State budget to the science. “The country that evades feeding its scientific field will have to feed the science of foreign countries.”

Science is the most expensive pleasure all over the world which it requires great investments. You cannot promote the country’s future well-being by exporting tomato paste or rice.

While speaking of the investment field of Armenia, Mr. Aghajanov qualified it as unattractive.

“Investors need super-privileged conditions as “there will be no gain without pain.” Armenia can suggest the investors nothing but poor poverty index and lack of communication systems.

http://www.a1plus.am/en/?page=issue&iid=42809

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