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ENGINEERS SUGGEST A PROJECT ON ECONOMIC DEVELOPMENT

Economy

"Our country will come out of the economical crisis only if the Armenian citizens and the Diaspora intellect and finance are contributed in the process",- said the Armenian Technocrates union head Samvel Sargsyan. The organization suggests the fifth-year project for the Armenian economy development.

It is supposed to establish cooperating ventures in Armenia with finance support of the wealthy Armenians. The 51 % of those ventures' shares will belong to the Armenian citizens. They will also be given personal vauchers. Only fixed products will be produced in Armenia.

That output will be determined by the National economical body.

"If the project succeeds Armenia will become a country exporting productive innovations a few years later",- said the project authors. Mr. Sargsyan is sure that the Armenian wealthy people will be willing to take part in the project if they are informed of its importance in due course.