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10-20 Percent Price Rise Inevitable In Armenia

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  • 10-20 Percent Price Rise Inevitable In Armenia

    10-20 PERCENT PRICE RISE INEVITABLE IN ARMENIA

    15:40 ~U 09.07.13

    A price rise of 10 to 20 percent is expected in Armenia soon because
    of the incompetent economic policy, to be followed by a further price
    rise, Chairman of the Union of Consumers NGO Armen Poghosyan told
    journalists on Tuesday.

    "The fares will inevitably rise," he added.

    "If the government or the municipal authorities ask how they should
    act to prevent a price rise or, if prices do rise, how they should
    act to avert people's curses," he said.

    "I cannot say exact figures nor can anyone else, but our monitoring
    shows that a 10 to 20 percent price rise will take place," he said.

    Poghosyan said that at its meeting on Tuesday Armenia's government
    will discuss the country's economic program until 2020, and he will
    participate in the discussion.

    "But I do not see a prospect of a competent analysis by the
    government," Poghosyan said.

    Armenian News - Tert.am




    From: A. Papazian
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