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Oligarchs Must Share Their Profit

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  • Oligarchs Must Share Their Profit

    Oligarchs Must Share Their Profit

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/country27166.html

    Published: 10:25:09 - 24/08/2012


    Former Prime Minister of Armenia, Member of Parliament Hrant
    Bagratyan, ANC, shared his plans with the public on Facebook.

    The first on his checklist is to boost minimum salary from 32,500 to
    72,500. Second, royalty for metal ore producing enterprises is set
    profitability divided by 8. In other words, 1/8 of an X profit of an
    enterprise goes to the budget, the remaining 7/8 goes to the pocket of
    oligarchs. In this stage, Bagratyan proposes to at least divide the
    profit between the society and the oligarchs, which is a partial
    solution though. Meanwhile, in general the state should announce the
    annual price of 1 ton of any kind of ore in Armenia.

    According to Bagratyan, the business of the National Assembly is
    planned badly. He says it looks like a ministry rather than a
    parliament. There are MPs who have more than one office. Those who can
    afford change the old windows of their offices at their expense, while
    those who cannot afford do not. They may sign something and refuse to
    implement it.

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