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Carrefour May Cause Reshuffle in Oligarchy
Country - Friday, 25 January 2013, 15:54
The Armenian Time reported that officials of Carrefour, the French
retailer, have been trying to meet with the Armenian top government
without any success. The authorities turn them out referring to the
upcoming presidential elections which keep the president and the prime
minister busy. Meanwhile, they avoid a meeting because they cannot
answer the questions of Carrefour representatives. The questions
concern the destiny of the hypermarket in Yerevan. Earlier Dalma Mall
and Carrefour had reached agreement on a store on 10,000 square meters
in November 2012. Later it became known that the French retailer will
import its products and set prices independently. Eventually,
Carrefour would send some oligarchs into bankruptcy since a great
number of goods would cost lower than in other stores but exceed in
quality. Besides, Carrefour might not only import but also export
goods, namely fruit to its stores in other countries. As is known,
export of apricots is the monopoly of several oligarchs and
high-ranking officials. The newspaper notes that first Carrefour
officials could not figure out the reason of the failure of the deal.
Dalma Mall's decline was first taken for a technical issue and
Carrefour set to look for premises in the densely populated suburbs of
Southwestern district, Avan or Nor Nork but encountered hindrances
which they were unable to overcome. They discerned a political
decision made at the top level so are seeking for a meeting with top
government. However, not everyone in the Armenian government is
against Carrefour. Most probably, the issue will be discussed
seriously after the presidential election. In the meantime, the RA
government may undergo pressure from outside. The entry of Carrefour
may lead to a reshuffle of oligarchs.
http://www.lragir.am/index.php/eng/0/country/view/28726
Country - Friday, 25 January 2013, 15:54
The Armenian Time reported that officials of Carrefour, the French
retailer, have been trying to meet with the Armenian top government
without any success. The authorities turn them out referring to the
upcoming presidential elections which keep the president and the prime
minister busy. Meanwhile, they avoid a meeting because they cannot
answer the questions of Carrefour representatives. The questions
concern the destiny of the hypermarket in Yerevan. Earlier Dalma Mall
and Carrefour had reached agreement on a store on 10,000 square meters
in November 2012. Later it became known that the French retailer will
import its products and set prices independently. Eventually,
Carrefour would send some oligarchs into bankruptcy since a great
number of goods would cost lower than in other stores but exceed in
quality. Besides, Carrefour might not only import but also export
goods, namely fruit to its stores in other countries. As is known,
export of apricots is the monopoly of several oligarchs and
high-ranking officials. The newspaper notes that first Carrefour
officials could not figure out the reason of the failure of the deal.
Dalma Mall's decline was first taken for a technical issue and
Carrefour set to look for premises in the densely populated suburbs of
Southwestern district, Avan or Nor Nork but encountered hindrances
which they were unable to overcome. They discerned a political
decision made at the top level so are seeking for a meeting with top
government. However, not everyone in the Armenian government is
against Carrefour. Most probably, the issue will be discussed
seriously after the presidential election. In the meantime, the RA
government may undergo pressure from outside. The entry of Carrefour
may lead to a reshuffle of oligarchs.
http://www.lragir.am/index.php/eng/0/country/view/28726