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Calling On Buyers To Be Calm, STAR Company Had To Temporarily Suspen

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  • Calling On Buyers To Be Calm, STAR Company Had To Temporarily Suspen

    CALLING ON BUYERS TO BE CALM, STAR COMPANY HAD TO TEMPORARILY SUSPEND ITS TRADE

    Trend
    March 3 2009
    Azerbaijan

    Calling on the buyers to be calm, STAR company, a large food retailer
    of Armenia, had to temporarily suspend its trade.

    STAR press-service told ArmInfo, the panic ruling in the city today in
    connection with the abrupt leap in USD exchange rate made the company's
    leadership to decide to suspend the work of shops for 2 hours - since
    3 pm. "We want to understand the situation in the market and hold
    efficient negotiations with suppliers and representatives of state
    bodies," - STAR Executive Director Vahan Kerobyan said. According to
    him, this measure is aimed at prevention of the panic and agiotage. "We
    call on our buyers and all residents of Armenia to be calm",- he said.
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