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Last year’s economic tendencies also worked this year, economist Tatul Manaseryan told reporters in Yerevan, summing up the year 2012. 

According to him, there were great expectations this year, especially as Armenia held parliamentary elections and presidential elections are ahead. That is why little investments were made in the Armenian economy, which to some extent affected all branches of economy.

Depreciation of Armenian dram in April is among negative tendencies, the expert said, which was, however, followed by its appreciation in July. Double-digit agricultural growth is among positive tendencies, Manaseryan said.

“We should note that double-digit growth was recorded in energy industry in the first months of 2012; with some exceptions, export dominated import,” he noted, adding that positive tendencies in economy are due to efficient use of financial, industrial and human factors.

Mr Manaseryan expressed his concerns about the high level of unemployment and migration in the country.

To resolve these problems, the economist recommended that the existing resources should be used more efficiently and new programs should be implemented.

“If we continue moving slowly, we will fall behind the dynamic development in the post-critical period,” the expert concluded.