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  • Prices Went Down For Economic Reasons

    PRICES WENT DOWN FOR ECONOMIC REASONS

    Azat Artsakh - Nagorno Karabakh Republic (NKR)
    06 March 05

    On March 2 the interim executive director of â~@~Stepanakert Bread
    Factoryâ~@~] CJSC, shareholder of the company Movses Sahakian gave a
    press conference. The executive director of the factory Ararat
    Hayriyan was also present, he gave additional comments on certain
    question. Movses Sahakian said that the reason to give a press
    conference was the rumours which began to spread after the factory
    had reduced the price for bread. The shareholder said that the
    management of the factory wished to give answers to all the
    questions. Ten months ago Movses Sahakian was appointed by the
    shareholders of the company to clarify the direction of further
    development of the two companies in Stepanakert â~@~S the bread
    factory and the mill. In answer to the questions why the price for
    bread went down, whether this was determined by political motives, in
    particular, the upcoming parliamentary elections, and the decrease of
    the price was intended to win over voters before the election to the
    parliament Movses Sahakian emphasized that the reduction of the price
    for bread had economic and not political reasons. The price for grain
    and flour has gone down long time ago. Ararat Hayriyan said the
    factory does not have to do additional expenses on flour which is
    produced in their own mill. This also enables reducing the price for
    bread. Secondly, according to Movses Sahakian, the factory is buying
    new equipment, which allows reducing the price for bread even more.
    â~@~A high price for bread in Artsakh which is rich in grain greatly
    worries the Armenian businessmen of the Diaspora,â~@~] said the
    shareholder. â~@~Last year the board of the holding â~@~Voske
    Hatikâ~@~] (owning both the bread factory and the bill) decided to
    leave the whole profit in Artsakh to develop the two companies. This
    allowed us to buy new equipment for the factory which enables
    producing bread at a lower cost and start production of other
    products. Already lavash is baked in the factory; we also plan to
    produce tonir bread, as well as open a chain of shops owned by us
    where bread will be sold at factory prices. These innovations, by the
    way, coupled with creating new jobs, will allow keeping the price for
    bread low. As you see, politicizing the decrease in the bread price
    is absolutely groundless. Especially that none of the shareholders
    belongs to any of the political parties of Artsakh. We are only
    thinking for the people of Artsakh who deserve a prosperous
    life.â~@~] Movses Sahakian pointed out that each of the shareholders
    donates money for charity in Artsakh. As recently the question of
    absence of elevators in Karabakh has been raised quite often, the
    journalists wanted to know about the capacities of the mill. Ararat
    Hayriyan assured that after operating the two new granaries the mill
    of Stepanakert can supply the annual demand for grain in Karabakh.
    The journalists also inquired about the quality of yeast used in the
    factory, as the yeast produced in Turkey widely sold in Karabakh is
    known to be bad for health. The executive director assured that the
    factory buys yeast in Yerevan where the production of yeast of Soviet
    quality has not been stopped. Movses Hakobian added that the
    shareholders keep to the strategy of not using any Turkish products
    in their production. Another question referred to the standards of
    bread production. The executive director said that the factory does
    not ensure standards because the grain is not sorted either at buying
    or storing. And if the grain is not sorted, it is impossible to have
    standard quality of flour and bread; everything depends on the sort
    and the quality of wheat. However, the director said that this year
    it will be possible to keep to the standards owing to the new
    laboratory and a greater number of granaries.

    SUSANNA BALAYAN.
    06-03-2005





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