No economic breakthrough in Armenia after ‘Velvet Revolution’ - opposition MP

  27 October 2018    Read: 1176
No economic breakthrough in Armenia after ‘Velvet Revolution’ - opposition MP

Armenia did not see any economic revolution after the “Velvet Revolution” which paved way to a political breakthrough in April, an opposition  MP from Tsarukyan faction said today, warning of possible hazards threatening the economy a complete isolation from politics.

According to Sergey Bagratyan, no changes have occurred in the country’s economic situation “apart from political willingness ruling out the possibility of corruption”.

“What we need to change in our economy deals, first of all, with the tax and customs legislation, as well as the human resources policy. We still have many representatives of the former regime, who are not ready to reshape and revise their practices under the new conditions,” he told reporters.

Bagratyan said he doesn’t see new role-players in the economic domain “to work magic” after the snap parliamentary election set to take place in two months.

The lawmaker also proposed radical reforms in factories to make way to increasing the competitive advantages.

“Under conditions of an oligopolistic economy, no factories can possibly function. What develops instead is a team of businessmen obeying the rules of the [dominating] oligopoly,” he said, noting that businesses still largely remain closely knit with the political circles.

Asked about the possibility of promoting representatives of the former regime in the new government, Bagratyan said he thinks that all the competent human resources must have an active negagement in state-building and policy making processes regardless of political affiliation.


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