Economic policy

Pashinyan chairs the first session of the Economic Policy Council

YEREVAN, JUNE 6, ARMENPRESS. Armenian Prime Minister Nikol Pashinyan chaired the first session of the Economic Policy Council under the leadership of the Prime Minister of the Republic of Armenia, held via video link, the Prime Minister’s Office said.

Arthur Javadyan, Chairman of the Board of the Center for Economic Perspectives Foundation, Artak Kamalyan, Board Member for Industry and Agriculture of the Eurasian Economic Commission, Gurgen Aslanyan, President of the Armenian Economic Association , Eugene Kandel, professor at the Hebrew University of Jerusalem, Zareh Asatryan, member of the Center for European Economic Research, Levon Barseghyan, professor at Cornell American University, Ruben Enikolopov, assistant professor at the New Economic School of Moscow, Vladimir Asriyan , professor at the Barcelona School of Economics, Alexander Auzan , Dean of the Faculty of Economics of Moscow State University participated in the session as a member of the Council.

In his speech, Prime Minister Nikol Pashinyan said, among other things:

“Dear members of the Economic Council, participants,

I am pleased to host the very first Council meeting.

Before I begin, I would like to sincerely thank the members of the Council for accepting the invitation to join us and for being willing to support the Armenian government by providing objective economic advice on the formulation of economic policies.

This format is still important now, as the global economy goes through transformative turmoil in the wake of a pandemic, the accelerating pace of digital transformation, climate change and geopolitical tensions. Some of the challenges, such as the accelerating rate of inflation and the disruption of supply chains, are particularly difficult for smaller economies.
Armenia is no exception.

We recorded robust economic growth during the first quarter of 2022, but we understand that longer-term sustainable economic development will largely depend on the flexibility and effectiveness of our current reforms and projects.

I am sure that the Economic Council will become an institution that will help, support and guide economic reforms in Armenia, and I am firmly committed to supporting the activities of the Council through an open, transparent but constructive dialogue.

I wish all participants a successful and fruitful discussion.”

Then, issues related to the future activities of the Council were discussed. The participants of the meeting expressed their confidence that the discussions to be held within the framework of the Council will contribute to the formation of steps, ideas and proposals aimed at overcoming the existing challenges in the field of the economy and finding effective solutions.

The next Council meeting is scheduled to be held in July in Armenia.