TOURISM IS A SPHERE HAVING PROSPECTS IN ARMENIA,
BUSINESSMAN MIKHAIL BAGHDASAROV CONSIDERS
27-07-2007 17:30:00 | Armenia | Economy
YEREVAN, JULY 27, NOYAN TAPAN. Tourism can be considered a
sphere having prospects in Armenia, therefore, it is expedient
to make investments in the very sphere. Businessman Mikhail
Baghdasarov expressed such an opinion during his July 27 meeting
with journalists. According to him, prices for services are high
in Armenia and quality of services is low. Therefore, in M.
Baghdasarov's opinion, training centers should be founded for
retraining of hotels', restaurants' employees.
According to M. Baghdasarov, joint-stock companies should
be created in order to liquidate the monopolies in Armenian
economy, and their shares should be sold through an exchange.
In the opinion of American Armenian businessman Vahagn
Hovnanian, monopoly is very important for a country to become
fully fledged, but it should be liquidated after several years.
As he evaluated, there are considerable changes in that respect
in Armenia.
Both businessmen stressed that the decline of dollar's
exchange rate against the dram has had a negative impact on
their business. In V. Hovnanian's words, currently prices for
apartments in Yerevan are higher than in the U.S. In his
opinion, this is a temporary phenomenon and will be solved
soon. M. Baghdasarov said that the dollar's exchange rate should
not fall so much, and the Central Bank of Armenia should
undertake some steps in this direction.