RISE OF PRICES IN ARMENIA IS JUST PART OF THE CONSEQUENCES OF ECONOMY MONOPOLIZATION: ARMENIAN PM

ARMINFO News Agency, Armenia
October 5, 2006 Thursday

The rise of prices in Armenia alongside with the sharply sagging US
dollar is just part of the consequences of economy monopolization,
Armenian Prime Minister Andranik Margaryan told journalists, Wednesday.

He said many native businessmen take advantage of loop-holes in laws
and evade taxes registering their business on different companies
that in reality belong to them. This results in many problems in
the economic field, the premier said. He said that the Government
has already instructed the Commission for Protection of Economic
Competition to study the situation in the market. Afterwards, the
Government will take specific measures to correct the existing lacks.

"If legislative measures are not enough, we shall take also other
measures," A. Margaryan said.