Star Supermarket Chain Management is against unjustified price raise

PanARMENIAN.Net - The management of Star Supermarket Chain declared itself against the unjustified price increase. The management has settled on a partial price in crease for some of imported goods. Only goods imported at new prices will be sold at higher prices, Star press office reported to PanARMENIAN.Net

"We're categorically opposed to turning the current situation to our benefit and aim at maximal price increase control. We highly value our customers' trust and are sure we'll justify it," Star Executive Director Vagan Kerobyan stated.

Star is one of the major Armenian supermarket chains, comprising 12 supermarkets located all over Armenia.

On Mar. 3 the dram-to-dollar exchange rate has gone up to AMD 360/$1 in few hours against 305 -310 index for sale and purchase respectively. Dram/euro exchange rate reached AMD 440 (against 387). The upsurge followed CB President Arthur Javadian's statement on cessation of control over the foreign currency market and return to floating rate policy.