ARTUR BAGHDASARYAN: ARMENIA HAS OLIGARCHIC ECONOMY
ARKA News Agency, Armenia
June 25 2006
YEREVAN, June 26. /ARKA/. Armenia has oligarchic economy now, Chairman
of the Law-Governed Country (LGC) party Artur Baghdasaryan stated at
the 5th congress of the LGC Women’s Union.
“Armenia lack free economy, small and medium-sized business is not
developing,” he said.
According to Baghdasaryan, the centralization of power and money
aimed at “purchasing and taking control of everything in the country”
can be observed in Armenia.
According to him, this is confirmed by that fact that 70% of
revenues of Armenia’s state budge are formed due to 100 out of 52,500
enterprises registered in Armenia.
“In the entire world, small and medium-sized businesses provide 85%
of all budget revenues,” Baghdasaryan said.
“Oligarchic economy cannot provide good guarantees of the country’s
development,” he said.
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