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Armenian Oligarch To Receive Additional Profits - Newspaper

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  • Armenian Oligarch To Receive Additional Profits - Newspaper

    ARMENIAN OLIGARCH TO RECEIVE ADDITIONAL PROFITS - NEWSPAPER

    news.am
    May 11, 2012 | 07:36

    YEREVAN. - In line with Haykakan Zhamanak daily's monitoring of
    Armenia's retail prices, it was found out that, as compared with April
    9, the price for one kilogram of sugar increased in the country by
    AMD 10 (approx. US$ 0.03) several days after the May 6 parliamentary
    elections.

    "On the average, 275 tons of sugar is consumed in Armenia every day,
    and this means Samvel Aleksanyan, the sugar's sole importer and
    producer [in Armenia], receives an additional daily profit of AMD
    2,750,000 [approx. $6,984], or more than AMD 82,000,000 [approx.

    $208,243] per month. And it is difficult to say how many months it
    will take him to 'retrieve' his expenses made for the elections.

    Let us also note that the Alex Grig Company, which allegedly belongs
    to Aleksanyan's wife, has paid close to 15 percent less tax in the
    first quarter of this year than in the previous year," Haykakan
    Zhamanak writes.




    From: A. Papazian
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