Prior to the discussion of the agenda issues, the Prime Minister touched upon economic indicators. “On May 27, the National Statistical Service published the macroeconomic indicators for April, and it should be noted that according to the data of the first four months, the economic situation in Armenia is characterized by positive and optimistic dynamics. According to published data, we had 9.2% economic activity index in April. And if we compare this figure with the data already collected in the first quarter, the gross domestic product has a 7.1% increase. This gives us grounds to say that the economy is showing positive trends, and our task is to stimulate that good mood through targeted capital expenditures in order to achieve better results.
Here I would like cite some important figures. In particular, the volume of industrial production increased by 13.2%. In the construction industry growth is less than we expected or wanted, but I am convinced that these figures will increase.
Why am I convinced that the situation in the mortgage market will inevitably bring about that result? Because we pursue the right policy since building projects or mortgages are not linked to individual developers or a specific development plan. In other words, we leave the market in the self-regulatory field and, as a result of increasing the demand for housing, I am sure that the construction activity will be more tangible, although we have seen some of those tangible shifts in the first quarter.
Trade turnover has increased by 9%, while the volume of services rose by 16.2%. To be honest, one of the most exciting figures in these indices is the increase in export volumes. Perhaps a month ago we had a working discussion with some of the worrying concerns about the export situation. We discussed the situation in detail, and I am happy that we recorded 9.9% growth in April. We also have some positive dynamics in the growth of average monthly nominal wages, and I think this dynamics will be more positive in the context of our decisions. And we also hope that as a result of the government’s policy, this dynamics of salary growth will be more noticeable in the private sector as well. And this should be one of our key issues for the upcoming period,” the Head of Government said.
RA Minister of Economic Development and Investments Tigran Khachatryan presented the main economic indicators. Nikol Pashinyan noted that the presented data further strengthened his statement about the good mood in the economy.
“And this is really good news. We must admit that in the past months we have been very focused on the economy. Now we have to be as much concentrated in dealing with problems in other areas as well, because comprehensive reforms are needed to translate the aforementioned positive trends into lasting and sustainable development, and we will do it,” the Prime Minister said.
Bagrat Badalyan, Deputy Minister of Transport, Communication and Information Technologies, presented details on the planned road construction works.
The Head of Government highlighted the road construction in the context of economic development, emphasizing: “Of course, road construction is not the only component of capital construction, but it has two very important things. First, the development of infrastructures itself may spur the economy. I am sure that road construction and good traffic conditions may have a crucial psychological impact on the overall atmosphere in the country. We need to speed up the process without ignoring the quality aspect in order to refurbish the roads as soon as possible.”
Prime Minister Pashinyan then touched upon the application of the new law on the government’s structure.
“As a matter of fact, this is our last sitting in the given format. I want to thank all our colleagues for the work they have done during this time. I wish every success to those who will continue in office, and at ...
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