YEREVAN, AUGUST 31, ARMENPRESS. Processing industry should develop in Armenia and become one of the key pillars of the country’s economy, Prime Minister Nikol Pashinyan said during the meeting with the exporters and businessmen in Yerevan.

The PM said the government is attaching importance to ensuring the export tendency of Armenia’s economy.

“We want Armenia’s exporting branches to develop and be one of the key characterizers of our economy. One of our program provisions is also to assist the processing industry. Of course, we have worked quite seriously on this topic and will continue to work, but this issue is not so clear because while implementing any assistance program it’s necessary to be convinced that that assistance really contributes to the fields to develop and become more competitive. We should be convinced that we are providing assistance which will lead to a chain reaction and will become an assistance for other spheres. Otherwise, if we take non-calculated actions, it will mean that we are taking steps which do not lead to overall welfare, diversification of state budget revenues, and as a result we will have to refuse from these programs which will bring more harms, than benefits”, Pashinyan said.

According to the PM, this is the reason that the government is organizing such kind of meetings in order to clearly understand the signals coming from the concerning sides and to be able to manage and react them in a right way.

Talking about the construction sector Nikol Pashinyan said here as well the government has a very serious interest so that right formulas will be introduced in this area.

“When we look at what is happening in our real estate market, in fact, we face a situation when the demand is growing, whereas the supply isn’t. In such circumstances great increase in prices is noticed. Here it’s important for us to be able to balance the market with our cooperation so that there will be a right balance between the demand and supply in order to avoid shocks in the market”, the Armenian PM added.

Edited and translated by Aneta Harutyunyan