Euromedia24 on Play Store Euromedia24 on App Sore
BNB

$603.09

BTC

$84733

ADA

$0.669112

ETH

$1880.2

SOL

$124.74

11 °

Yerevan

7 °

Moscow

23 °

Dubai

7 °

London

15 °

Beijing

7 °

Brussels

14 °

Rome

11 °

Madrid

BNB

$603.09

BTC

$84733

ADA

$0.669112

ETH

$1880.2

SOL

$124.74

11 °

Yerevan

7 °

Moscow

23 °

Dubai

7 °

London

15 °

Beijing

7 °

Brussels

14 °

Rome

11 °

Madrid

"This is a consequence of incompetent management, ignoring the promises made and being guided by populist statements." "Fact"

"Fact" daily writes:

While the authorities continue to bow to the possibility of leaving the EAEU and economic cooperation with the EU, experts warn about possible dangers.

And if these dangers become real, how quickly will our society feel their consequences?

MP of the National Assembly "Armenia" faction, economist Tadevos Avetisyan notes that the economic interaction with the EAEU is of vital importance for the socio-economic system of our country.

"The strike on a vital direction cannot be justified in any way, if we exclude the narrow political interest of the government, that is, they make some curtseys arising from their narrow political interest, but it has absolutely nothing to do with our real sustainable development interests. What? They offer nothing.

Our people will immediately feel the social and economic consequences. Under this government, our economic dependence on the same EAEU member states has almost doubled, that is, this vital importance has increased approximately twice during their time, and the interaction with the EU member or other developed countries, the United States, etc. , in fact, has significantly decreased.

We had a decrease there almost twice.

They promised to diversify our foreign economic relations. Diversification means: first, let our cooperation with EAEU grow as much as it has potential, because it benefits every citizen of the Republic of Armenia and our collective economy.

On the other hand, let it develop, but develop cooperation with EU member states faster.

Why was Armenia's export to the EU significantly reduced last year, why was the turnover reduced?

Our exports to the United States have decreased by 40 percent, is this a consequence of incompetent management, ignoring the promises made and being guided by populist statements?

It turns out that our country can skillfully interact with various economic structures for the sake of the development of Armenia's economy, so why do they always choose the "either-or" option?

"This problematic "either-or" approach was brought to our agenda, to our country during the reign of these authorities.

Look, neighboring Georgia, not being a member of the EAEU, even having conflict relations with the Russian Federation, since 2022 due to the Russian-Ukrainian war, was able to completely appropriate the positive factors for our region.

Smartly, guided by the national interest of his country, he was able to ensure economic growth close to double digits and more, almost as much as the Republic of Armenia, which is a member country of EAEU and is considered a strategic ally of Russia.

He also continued his interaction with the rest of the geographical areas.This is a classic example of a state several kilometers away.

What prevented us from taking advantage of the EAEU opportunities, especially since our economic activity had significantly increased, which, by the way, these authorities have nothing to do with, to capitalize on it in the direction of diversifying our economy, that is, to make it serve other geographical areas. directions for economic interaction, development and investments.

After all, it is not only trade. Foreign investments, including direct investments, are leaving the Republic of Armenia, that is, less has come than gone, capital is actually "running away".

Here, if we want positive indicators, we take the Russian Federation again, we had an increase in the net flow of foreign investments in the amount of about 50 million dollars.

Now this is the situation: if they are unable to provide a security environment, also from the point of view of economic security, the foreign direct investments of the United States of America in our country, is it the fault of Armenia's membership in EAEU?

Let's say the manufacturer exports his arbitrary product to the Russian market, is able to sell it on the EAEU market, what prevents him from increasing the geography and volume of his sales?

It's economic logic. Exporters work, produce to sell a lot, get a lot of profit. If there is a place where they can sell more of their products, why shouldn't they?

But what is the current situation, when they put it under attack, and in the case of this serious geopolitical and also economic security challenge, what answer will they give to greenhouse economies?

More than a quarter of our exports go to that market, that's a serious number, that is, in just ten months of last year, we had more than three billion dollars in exports, which is a significant part of the GDP of the same period, about 14 percent.

I'm talking only about exports, we also import products of strategic importance.

They are energy resources, food security products. Where did they find those alternatives or opportunities that make such awkward moves in this already fragile economic situation," our interlocutor points out.

Is it possible that in this way there is room for Azerbaijani gas and Turkish products?

"Which Azerbaijan, the Azerbaijan that subjected the people of the Artsakh Republic to genocide and forcibly displaced them, the Azerbaijan that occupied 200 square kilometers of the sovereign territories of the Republic of Armenia, threatens every day with a new invasion and a new military escalation, or the Azerbaijan that For years, with its bellicose rhetoric and actions, it has also completely blocked our economic system together with its senior partner, Turkey.

Does anyone think that the Turkish-Azerbaijani tandem, having military dominance in this region, includes the developing Republic of Armenia in its long-term plans?

Any of their short-term and long-term plans, if they concern the region, begin and end with the abolition of Armenia's sovereignty, the annihilation of the Armenian people.

You have to somehow oppose human and historical logic and historical justice in order to make such claims, because the reality is completely different," Tadevos Avetisyan concludes.

Lusine Arakelyan

News

The sooner the peace agreement will be signed, the better for Armenia and Azerbaijan. Iranian Deputy Foreign Minister
The United States may impose additional sanctions on Russian oil ships
Trump intends to simplify the rules of exporting American weapons. Reuters:
The results of Gyumri and Parakar's local elections were summarized at the meeting of the CP Board
A motorboat for Russian tourists exploded in the southern Thailand
Floods are in Greece. schools have been closed
A large-scale attack on Iran will start soon. Channel 14:
Pashinyan sent a vacation to his main adviser
German President Frank-Walter Steinmayer has arrived in Azerbaijan on an official visit
Serbia and Hungary will create a military alliance
The EU has a "strong plan" to respond to Trump customs duties. Von der Lyen
Urgent
Shots were fired again in the direction of the switching village
Important
The Speaker of the National Assembly of the Socialist Republic of Vietnam arrives in Armenia
Hezbollah official was killed in Beirut
The devastating hand of Nicolysis has been trying to demolish the solid unity of the journalistic world. Margarit Yesayan
"Armeconombank" provided a false extract in Ruben Hayrapetyan's case. We had the original, it was the basis for suspending the case. Vahagn Dallakyan
Urgent
Armenia's armament poses a threat to promote peace agenda. Bayramov
Lavrov has announced the preparation of a new meeting between Russia and the United States
13-year-old chess player Manvel Arakelyan was awarded the title of FIDE Master
Pashinyan's head of the CP board held (video)

More News

...

Request mercy from God. The Primate of the Artsakh Diocese addressed support

"Civil Agreement" MP Wilen Gabrielyan has set up the mandate (video)

Germany apologizes to Azerbaijan for posting Artsakh's flag on President's social network

If you take administrative resources, it will not stay under it. "Fact"

"Hraparak". Six hours for nothing. Andranik Kocharyan was instructed not to talk

"Hraparak". The victory was fined

"Hraparak". They will fly heads. Pashinyan will do "Chestka" in the CPA

The salvation of the Armenian statehood in Armenia is the final change of government a day before. "Fact"

"Fact". Who organized Gyumri's action, and what devastating consequences did young people warn of

UEFA President Chefsini has questions in Armenia. "PEOPLE"

Who is to blame for the defeat of the CPA in Parakar? "PEOPLE"

The parents of the missing were called Arsen Torosyan and Mher Bisharyan to the National Assembly to deceive. "PEOPLE"

Armenia's struggle for land and identity in the Caucasus. Deutsche Welle's film (video)

If the deputies do not confidence, then Pashinyan trust. Edgar Ghazaryan (video)

A group of women and children from Artsakh starts a sit-in strike in Freedom Square

These authorities are trying to close the topic of Artsakh once and for all. Artak Beglaryan (video)

The United States has submitted an ultimatum to French companies (video)

Azerbaijan says in an open text that we do not need peace, the Armenian leadership does not understand (video)

In Ukraine summed up the sad results of the Saudi talks (video)

The mediators are discussing the 50-day ceasefire with Hamas and Israel