Armenia's economic activity sees record decline
By Rashid Shirinov
Armenia’s economic activity index decreased in July 2016, beating the record low of 4.7 percent, the newspaper Haykakan Zhamanak stated.
The newspaper noted that a decline in the country’s economic activity has not been observed in 2016 so far.
Just two weeks ago, Armenia’s Prime Minister Hovik Abrahamyan summed up the figures for the first six months of 2016 at a cabinet meeting and expressed satisfaction with 4-percent economic growth during that period, said the report. He ordered the ministers to present these figures to the public.
However, the Armenian ministers have not implemented the order yet. So, the second half of 2016 starts with negative figures for Armenia, as almost all the economic sectors of the country face a decline.
Meanwhile, Armenians continue to complain about their current government and deplorable situation in the country. Armenia is stuck in unemployment, corruption, poverty problems, while the public debt of the country has already exceeded $5 billion.
That is why more and more Armenians go on the streets to hold protests, and news about seizure of police stations, attacks on game rooms, and other come from this poor South Caucasian country.
The situation is aggravated to such an extent that Armenians recall days of the Soviet Armenia, when they had no problems with such basic things as food, gas and electricity supply.
“The Soviet Union was a kind of program of social equality. But events happening in present Armenia look like some kind of disease. Poverty reigning in the society and exacerbation of power is one of the forms and manifestations of feudalism,” he confessed.
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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov
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