Tweet
Armen Hayrapetyan: Armenian businessmen reluctant about lowering prices
September 18, 2010 - 15:01 AMT 10:01 GMT
PanARMENIAN.Net -
Armenian Ministry of Finance (AMF) reported a curious action pattern
that the Armenian businessmen follow, the head of AMF Macroeconomic
Policy Department Armen Hayrapetyan stated, commenting on resent price
upsurge in Armenian consumer market.
''According to the Ministerial research, the businessmen tend to
increase prices when an upsurge is observed on local market, however,
showing reluctance about lowering prices after the situation is back
to normal,'' Hayrapetyan explained.
To discover actual reasons behind the pattern, Hayrapetyan suggested
involvement of anti-monopolistic body and initiation of activities to
increase the county's competitiveness.
The head of AMF Macroeconomic Policy Department cited agriculture
sector as the most competitive sphere in Armenian economy.
An independent expert Samvel Avagyan, in turn, spoke about
stabilization on the wheat market of Armenia despite the stir
triggered by the Russian embargo. The expert explained the increase of
retail price by the growth in product transportation costs while
importing wheat from Iran, Turkey and other countries.
From: A. Papazian
September 18, 2010 - 15:01 AMT 10:01 GMT
PanARMENIAN.Net -
Armenian Ministry of Finance (AMF) reported a curious action pattern
that the Armenian businessmen follow, the head of AMF Macroeconomic
Policy Department Armen Hayrapetyan stated, commenting on resent price
upsurge in Armenian consumer market.
''According to the Ministerial research, the businessmen tend to
increase prices when an upsurge is observed on local market, however,
showing reluctance about lowering prices after the situation is back
to normal,'' Hayrapetyan explained.
To discover actual reasons behind the pattern, Hayrapetyan suggested
involvement of anti-monopolistic body and initiation of activities to
increase the county's competitiveness.
The head of AMF Macroeconomic Policy Department cited agriculture
sector as the most competitive sphere in Armenian economy.
An independent expert Samvel Avagyan, in turn, spoke about
stabilization on the wheat market of Armenia despite the stir
triggered by the Russian embargo. The expert explained the increase of
retail price by the growth in product transportation costs while
importing wheat from Iran, Turkey and other countries.
From: A. Papazian