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Sugar prices rise after parliamentary polls in Armenia- newspaper

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  • Sugar prices rise after parliamentary polls in Armenia- newspaper

    Sugar prices rise after parliamentary polls in Armenia- newspaper


    YEREVAN, May 11. /ARKA/. Sugar prices in Armenia rose by 10 drams
    several days after the May 6 parliamentary elections, Haykakan
    Zhamanak (Armenian Time) newspaper reports referring to its own
    analysis of retail market.

    Currently, 1 kg of sugar can be bought by average 430-440 drams in stores.

    "In average 275 tons of sugar is sold in Armenia daily. And this means
    that rising prices by 10 drams the only sugar importer and producer
    Samvel Aleksanyan earns 2 million 750 thousand drams in additional
    income daily or over 82 million drams monthly," the newspaper reports.

    The source adds that it is unknown within how many month he "will be
    able to recover his expenses made during election campaign."

    "Also, Alex Grig company, which is allegedly owned by Aleksanyan's
    wife, paid 15% less taxes in the fist quarter of this year from a year
    earlier," the newspaper says.

    According to information spread by mass media, Samvel Aleksanyan, who
    entered the parliament of the fifth convocation from the electoral
    district No.7, owns Alex Grig and Lusastgh Sugar companies which are the
    principal sugar importers and producers in Armenia.

    Haykakan Zhamanak's editor-in-chief, a member of oppositional Armenian
    National Congress, Nikol Pashinyan was the main opponent of Aleksanyan
    at the parliamentary election. ($1-393.07 drams). -0-


    From: Baghdasarian
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