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  • Accompanied By The Ministers Of Economy, Finance, Employment And Soc

    ACCOMPANIED BY THE MINISTERS OF ECONOMY, FINANCE, EMPLOYMENT AND SOCIAL AFFAIRS, THE STATE REVENUE COMMITTEE CHAIRMAN AND OTHER OFFICIALS, RA PRIME MINISTER TIGRAN SARGSYAN CALLED AT THE VAGHARSH AND SONS LTD-OWNED GOLD MARKET IN KHORENATZI STREET

    http://www.gov.am/en/news/item/4407/
    Satur day, 24 January 2009

    Accompanied by the ministers of economy, finance, employment and social
    affairs, the State Revenue Committee chairman and other officials,
    RA Prime Minister Tigran Sargsyan called at the Vagharsh and Sons
    Ltd-owned gold market in Khorenatzi street to get acquainted with
    the traders' working conditions and hear their grievances, repeatedly
    voiced during the sits-in held in front of the government building.

    After going round the marketplace and talking to several traders,
    the Prime Minister concluded that there are too many problems -
    sanitary-hygienic, health care- and fire safety-related - which is a
    gross breach of legislation. In addition, many of the pavilions lack
    in cash registers. The traders also complained of high monthly fees
    charged by market administrators: the minimum fee stands at about AMD
    70.000 of which only 18.000 drams are paid to the Treasury and 5.000
    to the Pension Fund with the balance going to the administrator for
    leasing, accounting and other purposes. During interviews held with
    the traders, the Prime Minister explained that the latest legislative
    amendments are aimed at relieving the tax burden for sellers20by
    shifting the focus upon market administrators.

    The administrator is the one to pay for new cash registers, install
    them and ensure normal working conditions at the workplace.

    Following his visit, the Prime Minister called a consultative meeting
    in order to summarize the outcomes and find solutions to the existing
    problems.

    Accordingly, the head of the State Revenue Committee by the Government
    was charged to prepare an analytical note on the annual financial
    statements, lease settlements and fiscal liabilities of Vagharsh
    and Sons Ltd within short time-limits for the Prime Minister's
    consideration.

    In compliance with another assignment, the Labor Inspectorate by
    the Ministry of Employment and Social Affairs shall conduct surveys
    round the marketplace to make a record of labor code breaches and take
    the measures called for by domestic laws. The Ministry of Emergency
    Situations was directed to look into the safety standards applicable
    in this market, including the fire safety requirements and take all
    necessary action.

    The head of government is convinced that as a result of all these
    measures, favorable conditions will be created for thousands of
    employees of trade fairs and supermarkets in both financial-economic
    and operating terms.
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