Tweet
ARMENIA'S CERTAIN SEGMENTS NEED SUBSIDIZING
The Messenger, Georgia
June 12 2013
The Armenian economy relies very heavily on the natural gas supplied
by Russia. A recent price increase for Russian gas will negatively
influence the economic situation in Armenia and it goes without saying
that the Armenian economy will need to be subsidized. The head of
Industrialists Union, Vazgen Safaryan, recently stated that three
branches of industry will be bear the brunt of the price increase-
production of cement, metallurgy, and glass production. The price
increase of gas will increase the cost of electricity, which will
eventually increase the price of production. Thus, the Armenian
Government will have to subsidize the production of these materials.
From: Baghdasarian
The Messenger, Georgia
June 12 2013
The Armenian economy relies very heavily on the natural gas supplied
by Russia. A recent price increase for Russian gas will negatively
influence the economic situation in Armenia and it goes without saying
that the Armenian economy will need to be subsidized. The head of
Industrialists Union, Vazgen Safaryan, recently stated that three
branches of industry will be bear the brunt of the price increase-
production of cement, metallurgy, and glass production. The price
increase of gas will increase the cost of electricity, which will
eventually increase the price of production. Thus, the Armenian
Government will have to subsidize the production of these materials.
From: Baghdasarian