Armen Hayrapetyan: Armenian businessmen reluctant about lowering pricesSeptember 18, 2010 - 15:01 AMT PanARMENIAN.Net - Armenian Ministry of Finance (AMF) reported a curious action pattern that the Armenian businessmen follow, the head of AMF Macroeconomic Policy Department Armen Hayrapetyan stated, commenting on resent price upsurge in Armenian consumer market. ''According to the Ministerial research, the businessmen tend to increase prices when an upsurge is observed on local market, however, showing reluctance about lowering prices after the situation is back to normal,'' Hayrapetyan explained. To discover actual reasons behind the pattern, Hayrapetyan suggested involvement of anti-monopolistic body and initiation of activities to increase the county's competitiveness. The head of AMF Macroeconomic Policy Department cited agriculture sector as the most competitive sphere in Armenian economy. An independent expert Samvel Avagyan, in turn, spoke about stabilization on the wheat market of Armenia despite the stir triggered by the Russian embargo. The expert explained the increase of retail price by the growth in product transportation costs while importing wheat from Iran, Turkey and other countries. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |