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Armenia faces two global problems - corruption and monopolization

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  • Armenia faces two global problems - corruption and monopolization

    Armenia faces two global problems - corruption and monopolization
    10.12.2009 14:42 GMT+04:00

    /PanARMENIAN.Net/ Armenia faces two global problems - corruption and
    monopolization, former CBA President Bagrat Asatryan stated.

    `Prices in Armenia are fixed by monopolists rather than by the
    market,' he told a news conference on December 10. `While prices are
    dropping across the globe, the prices in Armenia are going up,' he
    said.

    Mr. Asatryan expressed his discontent about the lack of market economy
    fundamentals in Armenia. `Unless the political system is altered the
    current situation in Armenia will persist, with monopolists preventing
    development of small & medium business in the

    From: Emil Lazarian | Ararat NewsPress
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