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Armenia’s economic miracle ‘within our reach’ after political revolution, prime minister says in Vanadzor

A people who have coped with the difficult task of bringing about a ‘political miracle’ in their country are capable also of making a real ‘economic revolution’ happen, Prime Minister Nikol Pashinyan said today in Vanaadzor.                                                                                                  

Addressing the participants of the business forum entitled My Step for the Lori Region, the premier shared his vision of a successful plan to pave way to an “economic miracle”. “The parameters of an economic revolution imply job creation and new [higher] income and well-being standards,” he said, highlighting the human factor and contribution as a central value. 

Pashinyan also stressed the importance of government measures to encourage the “architects” of economic revolutions by increasing their opportunities through “mitigated legal regulations” and eradiction of monopolies and corruption.

Pashinyan said his government’s economic revolution model “almost entirely repeats” that of the political revolution. “The economic revolution happened actually when the citizens of Armenia decided to block the streets – smelling of corruption and unlawfulness. Is it easy at all? Not in the least,” he said, expressing his optimism also about a successful economic revolution plan.

The forum, discussing business and investment opportunities for Armenia, has brought together a great number of Armenian and foreign enrepreneurs and investors to the third largest city.

Also a government delegation including Minister of Territorial Administration Suren Papikyan, Minister of Economic Development and Investments Tigran Khachatryan and other officials is attending the event.


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