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Armenian Premier: Shadow Economy Creates Serious Obstacle On The Way

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  • Armenian Premier: Shadow Economy Creates Serious Obstacle On The Way

    ARMENIAN PREMIER: SHADOW ECONOMY CREATES SERIOUS OBSTACLE ON THE WAY OF ARMENIA'S DEVELOPMENT

    ArmInfo
    2009-07-07 15:07:00

    ArmInfo. The shadow economy and market oligopolies create serious
    obstacle on the way of Armenia's development, Armenian Prime Minister
    Tigran Sarkisyan said today at the three-day forum dedicated to affect
    of the economic crisis on Armenia.

    'Oligopolies or high concentration of the dominating subjects at the
    markets create certain discomfort when forming prices. For this reason
    we need conducting of stronger anti-monopolistic policy. As for the
    shadow economy, here we should raise the level of the tax and customs
    administration. The problem is much more serious that at first sight',
    - the premier said. He also mentioned importance of transparency when
    making governmental reforms.
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