While Armenia’s government, responding to the demands of some public circles, is carrying out studies as to gains and losses of a possible move to ban the import of Turkish goods, some local experts already present their calculations.
Last week, Russian Gazprom’s Armenian subsidiary, Gazprom Armenia, announced its intention to apply to the Public Services Regulatory Commission for a lower tariff for household and companies in Armenia.
The four-day hostilities in Nagorno-Karabakh in early April have not yet had a negative impact on the economy of Armenia, according to a World Bank representative in Yerevan.
While Armenia’s government believes that a lowering of natural gas and electricity tariffs is going to take place soon, it is not yet clear to what extent it will impact the country’s economy.
Russia believes there is no economic ground for the construction of a new nuclear power plant in Armenia, Kirill Komarov, the first deputy chairman of the Rosatom Company, said this week. He said that the construction of a new nuclear power plant in Armenia can only be talked about if there are appropriate calculations and justifications.
Not only Armenians living in their homeland, but also those in the entire world should refuse to buy Turkish goods because by buying them they support terrorism and production of weapons that are used against Armenians, argue activists of the “Protest Against Turkish Product” initiative.
Despite the optimism of Armenia’s authorities, the economy of the country, directly and indirectly, will bear negative consequences of the four-day war in Nagorno-Karabakh earlier this month, say economists, who also predict that a possible increase in military spending could become a bigger burden on the country’s economy.
The escalation of the conflict in Nagorno-Karabakh will have no negative impact on Armenia’s rate of economic growth, according to Economy Minister Artsvik Minasyan.
Although Russia has reduced the price of natural gas supplied to Armenia by 9 percent at the border, it is still unclear at what price the final consumers in the South Caucasus country will get it.