The EU's decision to provide Armenia one million Euros to prevent immigration will not solve the problem in a qualitative way, the former chairman of the Central Bank, Economist Bagrat Asatryan told reporters, 7or.am reported.
"We are facing a very serious problem - emigration of the population, which is not even immigration, but rather escape. Every year, the number of persons entering the working age decreases; there is a significant shift in the composition of the population. Every fifth woman in today's generation will not be a mother due to the ratio of men and women. In the following years, the number of deaths will exceed the number of births," Asatryan said.
Asatryan believes there is a need to change the system, otherwise Armenia will become a country without a future.
Earlier, the EU allocated three million Euros to promote the resolution of problems related to migration. Later, an announcement was made on provision of another million Euros by the European Union to promote "circular migration and reintegration."
The program will be undertaken by the People in need organization and the Armenian Relief Union.