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BY ESTIMATES OF FORMER ARMENIAN PRIME MINISTER, 45 FAMILIES CONTROL OVER 50% OF ARMENIAN GDP
Noyan Tapan
Dec 08 2006
YEREVAN, DECEMBER 8, NOYAN TAPAN. The two-digit rates of Armenia's
economic growth are exaggerated at least 2-2.5 times, former prime
minister of Armenia Hrant Bagratian said during a meeting with
reporters on December 8. By his estimates, 45 families in Armenia
control over 50% of the country's GDP, while the Armenian economy is
trying to feed the 3-million population. "Any serious development is
just out of question," H. Bagratian stated, expressing an opinion
that over the past 10 years there has been a change of values and
all home political developments lead not to an economic growth but to
redistribution of influence in the economic, political and cultural
spheres. Moreover, in his opinion, the current situation does not
allow healthy competition to form in the country.
Noyan Tapan
Dec 08 2006
YEREVAN, DECEMBER 8, NOYAN TAPAN. The two-digit rates of Armenia's
economic growth are exaggerated at least 2-2.5 times, former prime
minister of Armenia Hrant Bagratian said during a meeting with
reporters on December 8. By his estimates, 45 families in Armenia
control over 50% of the country's GDP, while the Armenian economy is
trying to feed the 3-million population. "Any serious development is
just out of question," H. Bagratian stated, expressing an opinion
that over the past 10 years there has been a change of values and
all home political developments lead not to an economic growth but to
redistribution of influence in the economic, political and cultural
spheres. Moreover, in his opinion, the current situation does not
allow healthy competition to form in the country.