Armenia faces two global problems – corruption and monopolization

Armenia faces two global problems – corruption and monopolization
10.12.2009 14:42 GMT+04:00

/PanARMENIAN.Net/ Armenia faces two global problems – corruption and
monopolization, former CBA President Bagrat Asatryan stated.

`Prices in Armenia are fixed by monopolists rather than by the
market,’ he told a news conference on December 10. `While prices are
dropping across the globe, the prices in Armenia are going up,’ he
said.

Mr. Asatryan expressed his discontent about the lack of market economy
fundamentals in Armenia. `Unless the political system is altered the
current situation in Armenia will persist, with monopolists preventing
development of small & medium business in the

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS