Problems in Armenian economy

The former head of the Bank of Armenia Bagrat Asatrian thinks that for the last 20 years Armenia did not manage to develop successfully economically. According to him, only certain individuals in the country exercise the right to conduct business. Asatrian also mentioned the poor demographic situation in the country. For the last 20 years there has been no growth in the population of Armenia. According to him, only 3-5% of the Armenian population is rich. The gap between the rich and the rest of the population increases, besides the country faces an increasing tendency for its population to emigrate.