Armenian Economy Faces the Challanges: improving pension system, reducing gas subsidization and raising the competitiveness of economy

I don’t really trust anything IMF says or does, however, the issue they have raised about Gas subsidization is an important one. Yet another serious blow to the Armenian economy, alongside with inflation of dram, dying exports and growing production costs as a result of dram’s valuation against US dollar is expected in 2008, and I don’t see anyone in the Armenian politics talking about these issues, which are perhaps more urgent, then the NKR…

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