ACCORDING TO WB REPRESENTATIVE, INCREASE IN GRANULATED SUGAR AND FLOUR PRICES HAS NO RELATION TO GAS TARIFF GROWTH

Noyan Tapan
Mar 30 2006

YEREVAN, MARCH 30, NOYAN TAPAN. The World Bank (WB) will continue
studying the consequences of the gas tariff increase in Armenia for
1-2 weeks. Director of the World Bank Yerevan Office Roger Robinson
stated this at the March 30 press conference, adding the bank has no
more information than the reporters about what may happen as a result
of the gas tariff rise, as the RA government has not completed the
negotiations yet. As regards the tariff set by the RA Public Services
Regulatory Commission, R. Robinson said that they still have to see
whether the established prices are the real ones. Nevertheless,
he agreed that a rise in the gas tariif will affect some sectors
of the economy. He noted that the recent growth in the prices of
granulated sugar and flour has no relation to the gas tariif increase,
since these foodstuffs are imported into Armenia: granulated sugar –
by 100%, flour – partly.

From: Emil Lazarian | Ararat NewsPress