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Shady Business Prevents From Acting In International Market

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  • Shady Business Prevents From Acting In International Market

    SHADY BUSINESS PREVENTS FROM ACTING IN INTERNATIONAL MARKET

    Panorama.am
    19:16 29/01/2008

    Today Ashot Shahnazaryan, the chairman of economic competition
    security committee met with Michael Edwards, the project coordinator
    of Financial and Private Business in Europe and Central Asia regions
    of World Bank.

    According to A. Shahnazaryan, the prices of goods are not decreased
    besides monopolized markets. "As for me, those prices should not
    even be decreases as the circulation of goods was not cut," he
    said. According to the president of the committee the shady business
    prevents from competition, but the problem will be solved in 2009,
    when the agricultural products are also taxed.

    The Government of the Republic of Armenia also drafted a policy to
    cut the number of shady business.

    Shahnazaryan said that the decrease of percentages in small and big
    business became rather difficult.
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