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Star Supermarkets Network Supports Transition To Floating Rate

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  • Star Supermarkets Network Supports Transition To Floating Rate

    STAR SUPERMARKETS NETWORK SUPPORTS TRANSITION TO FLOATING RATE

    PanARMENIAN.Net
    06.03.2009 19:36 GMT+04:00

    /PanARMENIAN.Net/ Star Supermarket Chain Management supports the
    floating exchange policy.

    According to Star Financial Director Gurgen Narimanyan, the recent
    governmental policy resulted in a number of problems, so we need
    some time to overcome the consequences. "I'm confident that it was
    a necessary and timely step for Armenia. The economy sector will
    benefit from it in the medium term perspective."

    "Here we have a favorable conjuncture for direct investments," Star
    Financial Director noted.

    "Still, the government should be consistent in tax reduction, provision
    of equal rights in selective market and financial sector support."
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