Pashinyan says no effective economic expansion without eliminating monopolies
17.05.2018,
15:54
Armenian Prime Minister Nikol Pashinyan stated today that without elimination of monopolies it is impossible to talk about qualitative changes in the economy.
YEREVAN, May 17. /ARKA/. Armenian Prime Minister Nikol Pashinyan stated today that without elimination of monopolies it is impossible to talk about qualitative changes in the economy.
"We have inherited a country in which economic activity was limited. De facto we have expanded the sphere of economic activity. It remains only that people believe this and begin investing . Without overcoming monopolies, one can not speak of qualitative changes in the economy," Pashinyan told reporters after the government meeting.
He also noted that now the society has positive expectations from the economy, and the authorities should implement them.
According to a World Bank report, Armenia has the most monopolized economy among former Soviet Union and Eastern European countries. According to the report, about 20 percent of Armenia’s economy belongs to monopolies, which is the highest rate among former Eastern bloc countries, while along with oligopolies (when two or three players dominate the market) monopolies control nearly two-thirds of Armenia’s economy.-0-
"We have inherited a country in which economic activity was limited. De facto we have expanded the sphere of economic activity. It remains only that people believe this and begin investing . Without overcoming monopolies, one can not speak of qualitative changes in the economy," Pashinyan told reporters after the government meeting.
He also noted that now the society has positive expectations from the economy, and the authorities should implement them.
According to a World Bank report, Armenia has the most monopolized economy among former Soviet Union and Eastern European countries. According to the report, about 20 percent of Armenia’s economy belongs to monopolies, which is the highest rate among former Eastern bloc countries, while along with oligopolies (when two or three players dominate the market) monopolies control nearly two-thirds of Armenia’s economy.-0-
