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TALKS WITH FRENCH CARREFOUR TO ENTER PRACTICAL; STAGE'
YEREVAN, April 3. / ARKA /. Gagik Minasian, chairman of an Armenian
parliament committee on finance and budget affairs, said today
negotiations with French retailer Carrefour are expected to enter
'the practical stage.'
Speaking to reporters Minasian said the authorities are interested in
the world's second -largest retail empire, the French-owned Carrefour
Group's entrance the country's foodstuffs sector because 'that will
considerably change the economic climate in Armenia.
Armenian economy minister Tigran Davtyan said earlier that the entrance
of Carrefour in the Armenian market 'will reduce prices of many goods.'
Carrefour S.A. is a French multinational retailer headquartered in
Boulogne Billancourt, France, in Greater Paris. It is one of the
largest hypermarket chains in the world (with 1,395 hypermarkets at
the end of 2009), the second largest retail group in the world in
terms of revenue, and the third largest in profit (after Wal-Mart
and Tesco). Carrefour operates in Europe, Argentina, Brazil, China,
Colombia, Dominican Republic, United Arab Emirates and Saudi Arabia,
but also has shops in North Africa and other parts of Asia. It has
400,000 employees. In 2012 it posted a profit of $1.6 billion.
YEREVAN, April 3. / ARKA /. Gagik Minasian, chairman of an Armenian
parliament committee on finance and budget affairs, said today
negotiations with French retailer Carrefour are expected to enter
'the practical stage.'
Speaking to reporters Minasian said the authorities are interested in
the world's second -largest retail empire, the French-owned Carrefour
Group's entrance the country's foodstuffs sector because 'that will
considerably change the economic climate in Armenia.
Armenian economy minister Tigran Davtyan said earlier that the entrance
of Carrefour in the Armenian market 'will reduce prices of many goods.'
Carrefour S.A. is a French multinational retailer headquartered in
Boulogne Billancourt, France, in Greater Paris. It is one of the
largest hypermarket chains in the world (with 1,395 hypermarkets at
the end of 2009), the second largest retail group in the world in
terms of revenue, and the third largest in profit (after Wal-Mart
and Tesco). Carrefour operates in Europe, Argentina, Brazil, China,
Colombia, Dominican Republic, United Arab Emirates and Saudi Arabia,
but also has shops in North Africa and other parts of Asia. It has
400,000 employees. In 2012 it posted a profit of $1.6 billion.