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Monopolies Impede The Armenian Economy To Cope With The Crisis

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  • Monopolies Impede The Armenian Economy To Cope With The Crisis

    MONOPOLIES IMPEDE THE ARMENIAN ECONOMY TO COPE WITH THE CRISIS

    PanARMENIAN.Net
    13.11.2009 15:18 GMT+04:00

    /PanARMENIAN.Net/ The economic downturn of the Armenian economy will
    continue in 2010, Artsvik Minasyan, member of the ARF faction told a
    press conference in Yerevan. According to him, the reduction of private
    transfers to Armenia will continue negatively affect the economy.

    Another factor that impeding the economy of Armenia, is strengthening
    of monopolictic companies. According to him, the growth of prices for
    essential goods is conditioned by monopolies, which seek to aggregate
    big capitals quickly. "It is clear that the government cannot get
    rid of the requirements imposed by monopolies, " he stressed.

    From: Emil Lazarian | Ararat NewsPress
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