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Why Are Shops of City Center Closing?
Roza Hovhannisyan, Reporter
Business - Saturday, 07 June 2014, 17:27
While Prime Minister Hovik Abrahamyan pledges favorable conditions for
SMEs, shops at the city center are closing one after another. One can
see the sign "to let" more frequently on most central streets.
The owner of a jewelry shop on Teryan Street told Lragir.am that they
cannot keep the shop any more.
They opened the shop 8 years ago. Their sales have dropped over the
past 4-5 years. According to him, emigration is felt more and more
strongly.
"Sales are dropping, we hoped to survive, we had expectations but we
cannot continue to keep the shop from our own pocket. People are so
disappointed with this government and there is no confidence even if
they try to do something good," Vahagn Asatryan says.
Besides low sales, taxes and rent are high, and there is no fair competition.
"They strangle us, they don't let us live. Our shop targeted at the
middle class but there is no middle class today due to the state of
the economy. Plus taxes and rent. People do not have money to afford
to shop," Vahagn Asatryan says.
- See more at: http://www.lragir.am/index/eng/0/economy/view/32560#sthash.18rRRCCy.dpuf
Roza Hovhannisyan, Reporter
Business - Saturday, 07 June 2014, 17:27
While Prime Minister Hovik Abrahamyan pledges favorable conditions for
SMEs, shops at the city center are closing one after another. One can
see the sign "to let" more frequently on most central streets.
The owner of a jewelry shop on Teryan Street told Lragir.am that they
cannot keep the shop any more.
They opened the shop 8 years ago. Their sales have dropped over the
past 4-5 years. According to him, emigration is felt more and more
strongly.
"Sales are dropping, we hoped to survive, we had expectations but we
cannot continue to keep the shop from our own pocket. People are so
disappointed with this government and there is no confidence even if
they try to do something good," Vahagn Asatryan says.
Besides low sales, taxes and rent are high, and there is no fair competition.
"They strangle us, they don't let us live. Our shop targeted at the
middle class but there is no middle class today due to the state of
the economy. Plus taxes and rent. People do not have money to afford
to shop," Vahagn Asatryan says.
- See more at: http://www.lragir.am/index/eng/0/economy/view/32560#sthash.18rRRCCy.dpuf