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Carrefour's entering Armenian market will enhance competition - Econ

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  • Carrefour's entering Armenian market will enhance competition - Econ

    Carrefour's entering Armenian market will enhance competition - Economy Minister

    NEWS.AM
    February 14, 2013 | 13:18

    YEREVAN.- Carrefour Group's entering Armenian market will improve
    competition here, Armenian Economy Minister told reporters on
    Thursday.

    Tigran Davtyan noted that a number of goods and services would become
    more available to the consumers.

    The government is interested in Carrefour's entering Armenia, as it is
    not only business but culture, he stressed.

    `We are doing our best to attract Carrefour as soon as possible, it
    refers to all transnational companies,' Davtyan added.

    In his words, the government provided $40 million for holding talks to
    attract transnational companies.

    He noted that Carrefour's coming into the Armenian market is
    conditioned exclusively by problems with a private entity. However,
    Davtyan stressed it is a usual thing for business.

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