Armenia’s Minister of Territorial Administration and Development Davit Lokyan, at a meeting with reporters on Monday, presented the investment programs drafted as a result of Armenian Prime Minister Karen Karapetyan’s regional trips, general programs of the Ministry of Territorial Administration and Development, as well as the steps to ensure regions’ harmonious economic progress.
In this context, Mr Lokyan noted that Yerevan ensures 50% of Armenia’s GDP.
“In the regions, we have low per capita GDP, which is most unsatisfactory. The government’s logic is as follows: studying each region’s natural, production and human capital, submitting programs to the government, discuss them and promote economic progress in Armenia’s regions,” Mr Lokyan said.
The minister pointed out low GDP, with a limited number of productions ensuring value-added tax, major imports, economic entities’ activities and a passive attitude to job creation.
“In this respect, the government has a general concept: finding the possible ways to enable the private sector to more actively operate with the government’s assistance, to ensure a high ...
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