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Government contributes to set up of monopolies: Ara Nranyan

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  • Government contributes to set up of monopolies: Ara Nranyan

    GOVERNMENT CONTRIBUTES TO SET UP OF MONOPOLIES: ARA NRANYAN

    news.am
    May 4 2010
    Armenia

    "I have never agreed with opinion that there is a failing struggle
    against monopolies in Armenia," ARF Dashnaktsutyun MP and economist
    Ara Nranyan told NEWS.am. He stated that Government and Central Bank
    had assisted the set up of monopolies for years. Nranyan noted that
    artificially supporting the AMD exchange rate, government itself
    halted domestic production, encouraged import and furthered slump
    in competitiveness.

    "Presently everyone admits that basically import sector enjoys
    the monopoly, which is true, but no one says that monopolies were
    created as a result of policy implemented by RA Government and
    CBA. Government constantly introduces to National Assembly bills
    entailing the boosting of various economic sectors. In the context of
    anti-crisis measures, government assisted one or two enterprises, not
    certain sectors. It means, they tried to pull through these companies,
    neglecting others," Nranyan said, adding that the mentioned moves
    bring to the establishment of monopolies.
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