Former PM: Armenian price rises due to monopoly
By M. Alkhazashvili
(Translated by Diana Dundua)
(Translated by Diana Dundua)
Thursday, November 29
The former prime minister of Armenia Grant Bagratian has added to expert opinion that blames monopolies for forcing up prices in the country.
Bagratian claims that economic monopolies are largely responsible for recent prices rises in Armenia, according to the news agency Regnum.
Armenia has experienced soaring prices on everyday items recently, with bread prices rising by 24 percent since January, according to the Armenian National Statistics Service.
Experts say the problem has been caused by both external factors and monopolies in the food market.
While watchdogs have fined at least 50 businessmen for foul play, the political opposition criticize the government for not doing enough to protect the population.
Bagratian claims that economic monopolies are largely responsible for recent prices rises in Armenia, according to the news agency Regnum.
Armenia has experienced soaring prices on everyday items recently, with bread prices rising by 24 percent since January, according to the Armenian National Statistics Service.
Experts say the problem has been caused by both external factors and monopolies in the food market.
While watchdogs have fined at least 50 businessmen for foul play, the political opposition criticize the government for not doing enough to protect the population.