Yerevan /Mediamax/. As a result of the global crisis, all the problems of the Armenian economy came to the surface, Ex-Prime Minister, Rector of Russian-Armenian State University Armen Darbinyan stated in Yerevan today.

Mediamax reports that, speaking at “Global Crisis: Genesis and Prospect” conference, Armen Darbinyan stated that Armenia, in which excessive volumes of private transfers are poured, is sick with “Dutch disease”, which leads to increase of negative foreign trade balance.

According to Armen Darbinyan, having just recovered from import substitution, Armenia is forced to go 10 years back and again take up protection of domestic producers. “The reason is that, because of absence of distinct guidelines, we did not manage to stimulate export”, Armen Darbinyan stated.

Ex-Prime Minister described Armenia’s chances to become a financial center as “miserable”, “since, to achieve this goal, the country should be at least bilingual and should have developed infrastructures”.

“Besides, there is all-out investment hunger in Armenia, the volume of direct foreign investments at the volume of $350mln against the background of private transfers, which enter the country, is miserable”, Armen Darbinyan stated, noting the absence of interest among world-famous brands towards Armenia.