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Government To Take Radical Measures In Case Of Price Jump In Armenia

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  • Government To Take Radical Measures In Case Of Price Jump In Armenia

    GOVERNMENT TO TAKE RADICAL MEASURES IN CASE OF PRICE JUMP IN ARMENIA

    Arka News Agency, Armenia
    Dec 25 2006

    YEREVAN, December 25. /ARKA/. The Armenian Government will take radical
    measures in case of another price jump, RA Premier Andranik Margaryan
    told reporters.

    The measures taken by the State Commission for Protection of Economic
    Competition toward the economic entities practicing unjustified rise in
    prices continue the process launched by the Government, Margaryan said.

    Margaryan pointed out that Armenia's economic entities have been
    warned, and, if they fail to accept the Government's position,
    "radical measures will be taken within law".

    "40% AMD revaluation against the USD cannot fail to cause a fall in
    price in Armenia, and this made the price policy problem especially
    acute, Margaryan said.

    From: Emil Lazarian | Ararat NewsPress
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