May 4, 2016 - 14:01 AMT
Gas tariff drop to lead to declining energy prices: Armenia Minister

The reduction of gas tariffs will obviously have a positive impact on Armenia’s economy, Minister of Economy Artsvik Minasyan told reporters Wednesday, May 4.

“The positive impact is largely determined by the amount of reduction and the sectors to be affected by the drop,” Minasyan said, according to Panorama.am.

“The gas tariff decrease will cause a drop in electricity prices, which, in turn, will lead to cost reduction and competitiveness enhancement of our product.”

“Such developments will naturally have an impact on commodity prices too,” Minasyan added.