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Today the economic growth or decline in Armenia is greatly conditioned by the foreign factors. To be able to avoid it in the future, the economy of tomorrow must be formed today, which in turn requires changes and modernization in the governance and administration mechanisms, President of the Republic of Armenia, President of the Republican Party of Armenia Serzh Sargsyan addressed the 13th Republican Convention.

“It is true that just as many other countries, we are influenced by global developments. Moreover, in our case there is a direct link between the economic growth and the amount of remittances coming to the country from abroad. Yes, unfortunately today the economic growth or decline in Armenia is greatly conditioned by the foreign factors. To be able to avoid it in the future, the economy of tomorrow must be formed today, which in turn requires changes and modernization in the governance and administration mechanisms,” said President Sargsyan and continued: “We have to move from the objectives of economic growth to the concept of economic development. We need economic development just as much as economic growth, probably even more. Economic growth will not solve our problems if it is not based on the creation of the new areas of economy, new types of activities, new enterprises, production of new goods and services, especially because the opportunities of extensive development gradually diminish. All able people should be engaged in that process and there is no need for protectionism.”

“Policies conducted by the state should support all, each and every one – equally. We are undertaking structural changes and reforms based on this understanding. This is an objective process; it is inevitable and above any political force. The future belongs to the force which stands for changes,” President Serzh Sargsyan decalred.

However, President mentioned that RPA has assumed a historic mission of spearheading Armenia’s reforms. “We are a large party; tens of thousands are among our ranks. The time has come for us to increase and renew our qualities. Our activities result in changes within society and our country; hence we too should be able to change dynamically. As a strong, large and people's party, we must accept these challenges, must accept easily into our economic agenda any new initiative, if it stems from our national interests, responds to the current problems and needs of our people and our citizens. That’s our Party’s present task.”

“I am not going to underrate, underestimate or neglect activities of any honest, working for the national interest Armenian political force or a party. Moreover, I am glad that our political life is diverse. However, it is our Party that through its capabilities and prospects is able to lead toward a new economic policy and new relations, toward more changes and modernization,” concluded the President.

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