Yerevan, September 6 /Mediamax/. The Chairman of the Central Bank (CB) Tigran Sarkisian thinks that the high speed of economic growth in Armenia will be preserved for at least 3 more years.

Mediamax reports that Tigran Sarkisian stated that a basis for such an assessment is the potential, stored by the country. At the same time, the head of the CB noted that for the transition to a qualitatively new economy, Armenia has to pass 5 cycles, each of which will last 3-4 years.

According to the CB Chairman, much will depend on how the small and average enterprises develop. “Taking into account the high speed of the economic growth, for the preservation of the competitive ability the companies will have to either become consolidated, or stop their work”, Tigran Sarkisian stated. According to him, otherwise, in some 3-4 year the stored potential will be exhausted and the speed of the economic development will decline.