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The Issue Of Oligopoly

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  • The Issue Of Oligopoly

    THE ISSUE OF OLIGOPOLY

    Lragir.am
    25/12/09

    During a press conference on December 25, Tigran Sargsyan, at the
    request of reporters, dwelt on the issue of fight against oligopoly.

    Earlier, the Prime Minister had stated that Armenia has to ensure equal
    competitive conditions for the development of economy. Going into
    details and dwelling on oligopolies and monopolies, Tigran Sargsyan
    said oligopoly does not mean monopoly. Tigran Sargsyan noted the
    measures of the committee for the defense of economic competition
    are to be enhanced, as well as its analyzing possibilities. Besides,
    Tigran Sargsyan said we need to better the tax administration as well
    as to set mechanisms through making amendments to the legislative field
    which will enable to set clearly an official's being a proprietor for
    the responsibility to be also clear. According to Tigran Sargsyan,
    our officials have right to own a property because the mechanism of
    separation is not clear, it is difficult to speak by concrete names.

    According to Tigran Sargsyan, the problem is in the system and
    nothing is decided by one or two people. "Oligopolies do not stand for
    monopolies because we have decades of enterprises in numerous fields
    that provide goods for different fields, carry out services but the
    same, we register that there are oligopolies", says Tigran Sargsyan.

    According to him, decades of enterprises reconciled with the current
    rules of the game and this is the problem and not the fact that there
    is corruption within the governmental system which the prime minister
    himself admits.

    Tigran Sargsyan notes that the adoption of the tax package was an
    important step on the way of the solution of this problem which set for
    500 major enterprises to release their audit data and audit is going
    to be obligatory for such companies. "The works in these directions,
    within 4-5 years, will give their fruits", says Tigran Sargsyan.
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