PM Karen Karapetyan's First Speech: Situation's Very Bad

  • Country - 14 September 2016, 20:45
Today the newly appointed Prime Minister Karen Karapetyan was attending the question and answer session of the National Assembly and the government.

“The state of our economy, to be open and honest, is very bad, extremely bad,” Prime Minister Karen Karapetyan said during the question and answer session of the National Assembly and the government in answer to the question of Member of Parliament Lyudmila Sargsyan.

He noted that the government will have a stage-by-stage program, and there will not be fast changes in the first stage but there will be steps that are possible in the nearest future. In the second stage, according to him, there will be a plan of development of the economy.

“For expectations that we need to change the situation very fast, I would like to tell everyone that it will not happen. However, we will signal in what direction the economy will develop. Will we use the program of the former government, or not? Yes. Which direction will we develop our economy to create maximum favorable conditions, to create added value?” the new prime minister said.

According to him, happy countries are the countries where a person who creates added value is happy. The countries which have resources, oil, are not among them.

In answer to the question how the cabinet is going to be formed, the prime minister said it will include professionals. According to him, if a talent is a professional, it is good. “There is a lack of talents in New York, London, Moscow, and of course, in Yerevan,” he said.

Karen Karapetyan announced that we do not have a magic stick. “When I say there will be no fast changes, it does not mean that we are not initiating steps. We will initiate steps aimed at both mitigating social tension and development of business. However, we must realize that there is no magic stick. If we want a change in our economy, we must initiate systemic change. We need a systemic change because the state of our real economy, to be open and honest, is very bad, extremely bad,” Karapetyan announced.