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The RA Government taking into consideration the peculiarities of the modern world introduced new principles of economic policy to the National Assembly and the public. Prime Minister Tigran Sargsyan touched upon this subject in his speech at the opening of the Armenian Economic Association’s annual three-day symposium at Yerevan State University.

'For the first time in the modern history of the Republic of Armenia we initiated a new principle in economic policy where the state will be responsible not only for creating favorable competitive environment, but also must cooperate with the private sector and implement clear industrial policy' T. Sargsyan said.

Head of the Government also spoke about economic challenges. ‘It is clear that economic growth and economic activity index are important factors, but it is more important that our citizens will be able to feel the economic growth on their living standards. From this perspective we have so much more to do, because the major challenges we face are the same. We must be able to overcome poverty in the Republic of Armenia’.

T.Sargsyan stressed  the importance of global economic situation and international development trends, mentioning that Armenia has always carried out open economic policy in the last 20 years, which means 'we have to be vigilant in terms of international influences'.

Issues of economic development, competitiveness and financial sector issues will be discussed at the three-day symposium attended by economist from Armenia and Diaspora. The RA Prime Minister emphasized the importance of participation of experts from different countries at the symposium.