Ex-PM won’t allow for expropriation of pensioners' money

Ex-PM won’t allow for expropriation of pensioners' money

PanARMENIAN.Net - Former Prime Minister of Armenia, a member of Armenian National Congress (ANC) opposition bloc's parliamentary group Hrant Bagratyan accused government of having failed to form 100% guaranteed retirement funds.

At a November 27 news conference in Yerevan, Hrant Bagratyan expressed confidence that over the half of pension funds will be spent on purchase of foreign securities to provide a 2% VAT growth in future.

“We won't allow for peoples' money to become expropriated over Prime Minister Tigran Sargsyan's plans,” Bagratyan said.

Bagratyan also expressed displeasure over current pension reforms where pensions are invested as a deposit rather than streamed into pension funds.

 Top stories
Ameria’s management staff, partners and public agencies, as well as local and int’l organizations are participating in the Oct 14-15 master classes.
In 2014, Ameriabank expanded its range of retail services with new offers, also providing more flexible and transparent terms of service.
Since 2010 the EBRD, EIB and EU have contributed a total of €30 million for the improvements carried out in two phases.
NCFA said its participation in this major exhibition aims to promote Armenia’s tourism opportunities at the European markets.
Partner news