Yerevan /Mediamax/. Armenian President Serzh Sargsyan said today that “we should continue modernization and diversification of our economy to get more favorable conditions in the new situation expected in the region in a few years”.

Serzh Sargsyan said this at the session of the National Security Council today, Mediamax reports.

“Armenia faces many difficulties today. Nobody argues it. But the truth is that the trends of development of Armenia's economy are promising. In 2012, the economic growth in our country made 7.2%. The high level of economic activity maintains in 2013 as well. Yes, the rates of Armenia's economic growth exceeded those in all the neighboring countries in 2012. As a result, Armenia is the 23rd country ensuring biggest economic growth among 188 countries of the world as of 2012”, said the President.

According to Serzh Sargsyan, economy should be changed in all the spheres both in terms of form and content.

“We are building a new economy. Gradually, we should start producing anti-hail networks just on the spot instead of eliminating outcomes of the hail, we should produce irrigation systems instead of subsidizing irrigation, start projects advancing the whole fields to collect fast and cheap hotbeds, for instance, assembly of necessary equipment production up to say solar batteries”, noted the President.

According to the President, the picture in the region will change within 3-4 years and Armenia should be ready for it.

Serzh Sargsyan noted that the experts have been expecting Azerbaijan's unavoidable fiasco for over 2-3 years - political-social and economic mines threaten to explode in Azerbaijan.

“In conditions of chronic decline in oil and gas extraction, the authorities of the neighboring country continue spending the accumulated means the way even their rivals couldn't plan. Only momentary fiestas - that's the logic of the pursued policy. The money is wasted in areas of one-time use at crazy rates- tremendous construction projects ensuring visibility, funding social expenditures, which they will have to reduce squandering billions for the sake of one evening in various corners of the world - deeds which make everything clear for those who plans 2 steps ahead”, said Serzh Sargsyan.