Armenian economic system aims to destroy medium & small businesses, according to former CBA President Bagrat Asatryan.

As he told a news conference in Yerevan, “Armenian economy is fully monopolized, with major companies stifling M&S businesses.” Bagrat Asatryan characterized monopolies as state within a state. “They are in possession of all political and power leverages, without having to reckon with so-called authorities.”

Monopolies in control of Armenian economy do their best to eliminate the threat M&S pose to their income, former CBA President concluded.