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Armenian minister says Carrefour arrival will cut prices of many goo

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  • Armenian minister says Carrefour arrival will cut prices of many goo

    Armenian minister says Carrefour arrival will cut prices of many goods


    YEREVAN, February 14. / ARKA /. Armenia's economy minister Tigran
    Davtian echoed today arguments backing the arrival of the French chain
    of hypermarkets Carrefour to Armenia saying it will make other
    companies cut the prices of some of their products and services.

    `Carrefour is not only business, but also a culture and the Armenian
    government is interested in its arrival to our country. We are trying
    to make it happen as quick as possible," he said.

    Davtian said the government is interested in bringing multinational
    companies to Armenia, and has earmarked 40 million drams this year for
    negotiating with them. He said also that the delay in the company's
    arrival in Armenia is linked to disagreements between private actors.

    Earlier, a local daily `Zhamanak" (Time), claimed citing its own
    sources that a Russia-based Armenian businessman Samvel Karapetian,
    the owner of Dalma Garden Mall in Yerevan, suspended a contract with
    Carrefour. The newspaper alleged that the decision was taken under the
    pressure from Armenian oligarch Samvel Alexanian who controls the bulk
    of imports of essential goods.

    In response to these allegations, prime minister Tigran Sargsyan said
    the Armenian government will do everything possible to ensure the
    arrival of the French company in Armenia because `the government is
    interested in it.' The prime minister declined reports that Samvel
    Karapetian suspended the contract with Carrefour saying what the two
    sides had signed is a memorandum of intent, not a contract.

    French Carrefour SA is the second largest retailer in the world after
    the U.S. Wal-Mart. It was founded in 1957 by opening its first store
    in the eastern France. In 1963, the company opened near Paris the
    world's first hypermarket. Carrefour owns 15,100 stores in Europe,
    Brazil, Argentina, North Africa and Asia, working under different
    brands, employing a total of 400 thousand people. Its net revenue in
    2011 amounted to 371 million euros. ($ 1 - 406.74 drams). -0-


    From: Baghdasarian
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