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Opinion: Gas Price Raise To Affect Armenia's Economy

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  • Opinion: Gas Price Raise To Affect Armenia's Economy

    OPINION: GAS PRICE RAISE TO AFFECT ARMENIA'S ECONOMY

    ARKA
    MArch 15, 2010

    YEREVAN, March 15. /ARKA/. Vazgen Safaryan, the chairman of Association
    of Domestic Manufacturers and the head of Public Council's financial,
    economic and budget commission, thinks the raise of gas price amid
    the current social tension will affect Armenia's economic development.

    On Monday, speaking in Novosti International Press Center, he said
    that gas and electric energy make up 55% of cost price of cement and
    72% of that of rubber.

    "This will make Armenian products more expensive than the products
    on world markets and will weaken competitiveness of our commodities,"
    he said.

    Natural gas price for Armenia's consumers will be raised 37.5% to
    AMD 132 on April 1, 2010, from present AMD 96 per one cubic meter.

    Those consumers using more than 10,000 cubic meters of gas monthly
    will pay $243.13 per each 1,000 cubic meters instead of $215
    presently.
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