New PDF release: Worldmark Encyclopedia of the Nations, World Leaders 2003

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Extra resources for Worldmark Encyclopedia of the Nations, World Leaders 2003

Sample text

Kocharyan has expressed his determination to turn Armenia into the leading economic power in the region. Kocharyan placed partial blame for Armenia’s current economic slump on the previous government’s lassitude regarding economic reforms. He has called for the development of small and medium-sized enterprises in such sectors as mining, chemicals, machine tools, and electronics. The Armenian Statistics Department reported in February 2000 that economic growth in 1999 exceeded 3%, with the best performance in industry.

Was accused of fraudulent behavior when he served as minister of public works in his father’s administration. Despite this, Lester was able to restore the confidence of the nation in his administration. The ALP’s overwhelming victory at the polls in 1999 was a reflection of that confidence. Another major task that confronted Lester Bird when he began his first term was to ensure that there was continued growth in the Antiguan economy. Again, his success in this arena was noteworthy. 5% decline in the GDP in 1995 due to two destructive hurricanes, Bird was able to turn this situation around the following year.

The duties of acting president then devolved to Kocharyan. An extraordinary presidential election was declared for 16 March 1998. The main contenders were Kocharyan, Vazgen Manukyan (who had run against Ter-Petrosyan in 1996 and was head of the National Democratic Union), and Karen Demirchyan (head of the Armenian Communist Party from 1974 until 1988). The top two vote-getters in the first round were Kocharyan and Demirchyan. No candidate achieved the required majority vote (over 50%), so a runoff election was scheduled for 30 March 1998.

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