RISE IN PRICES WAS EXPECTED

“Our country would have counteracted the recent price hike if it had taken the right path,” says the Chairman of the Armenian Consumers Union Armen Poghossian.
He thinks Armenia could have found a way out if it had carried out a sound policy with regard to two powerful enterprises-ArmRusGasArd and ArmenTel.
Poghossian says ArmRusGasArd is the most powerful, lucrative and well-equipped enterprise in Armenia and its authorized capital stock mounts one milliard dollars. Armenia could have more profit from the company if it had kept its shares. “Armenia owned 45 percent of the company's shares, but they have fallen up to 22%.”
The chairman of the RoA Consumers Union thinks that Armenia's government should have taken steps to increase its shares as it was possible. “For instance, former heating systems, boiler-house, could have been shifted to the company's balance thus increasing Armenia's shares.
Similarly, the recent rise in prices wouldn't have affected Armenia's economy so much if the country /possessing 10% of ArmenTel's shares/ hadn't sold them at a symbolic price-30 million dollars.
The country lacks an economic policy. Ours is a “patched” hole,” he says.

<< | Home | >>

E-mail article | Discuss article new!

RSS © A1+

Headlines for May 12, 2008

NO LAW-ENFORCEMENT OFFICER BORE RESPONSIBILITY
A year ago, on May 12, Levon Gulian aged 31 was invited to a police station to an interrogation. That day Gulian didn’t return home. According to a police release, “during the questioning Gulian asked ...
TEMPERATURE FELL BELOW NORMAL
Temperature will keep dropping in the Republic of Armenia till May 14. Afterwards, it will gradually go up by 3-5 degrees. Meteorologists forecast rain throughout the country on May 12-13. It may snow ...
“THEY ACCEPT GROUNDLESS CHARGES TO BE IN FREEDOM”
The Helsinki Citizens' Assembly Vanadzor Office has addressed a letter to the PACE President Luis Maria de Puig, Secretary General of the Council of Europe Terry Davis, OSCE Chairman-in-Office Alexander ...
RISE IN PRICES WAS EXPECTED
“Our country would have counteracted the recent price hike if it had taken the right path,” says the Chairman of the Armenian Consumers Union Armen Poghossian. He thinks Armenia could have found ...
CABLES BURNT DOWN
A fire broke out in a substation, near the State Academic Opera and Ballet Theatre of Armenia at 00.08, May 12. Three fire brigades left for the sight shortly afterwards. The fire was extinguished at ...
ARMENIANS OF LEBANON HAVE NOT SUFFERED
No Armenian has suffered during the recent clashes in Lebanon, the press service of the RoA Ministry of Foreign Affairs informed A1+. At least forty people died during the recent clashes in the country. ...
PEACEFUL RESIDENT WOUNDED
At about 11.00 today morning Azerbaijan's armed forces opened fire on the Armenian side near the village of Baghanis, Tavush marz. Resident of Baghanis, shepherd Lorik M. Avagian, 1957, was wounded ...
POLICE TESTIMONY IS NOT ENOUGH
"No one can be imprisoned unless the arrest is grounded,” says barrister Dzerar Julhakian, member of the Armenian Advocates Union (ADU) of Paris. Together with five other advocates he has arrived in ...
THE ONLY FUNDAMENTAL DOCUMENT SIGNED BY KARABAKH
“The cease-fire treaty achieved between the conflicting sides, Azerbaijan and Armenia, de facto certifies to Armenia's military victory,” former Foreign Minister Vagharshak Harutiunian quoted from British ...
KARAPET RUBINIAN RELEASED
By the instruction of the RoA Prosecutor General Aghvan Hovsepian former NA Speaker Karapet Rubinian’s restraint has been replaced by a written undertaking not to leave the place, Spokesperson for the ...