No Increase In Tariffs of Public Services Envisaged in Coming Months

ACCORDING TO ROBERT NAZARIAN, NO INCREASE IN TARIFFS OF PUBLIC
SERVICES ENVISAGED IN COMING MONTHS

YEREVAN, NOVEMBER 3, NOYAN TAPAN. No increase in tariffs of public
services is envisaged in the first half of 2008, the chairman of the RA
Public Services Regulatory Commission Robert Nazarian stated at the
November 2 joint sitting of the RA National Assembly standing
committees.

According to him, 403.4 mln drams has been allocated to the commission
by the 2008 draft state budget, 387 mln drams of which will be current
expenditures, including the wage fund of 310 mln drams.

Responding to MPs’ question about why tariffs do not decline under
conditions of the changing dollar-dram exchange rate, R. Nazarian said
that in particular, the positive impact of the indicated change in the
energy system is assessed at 1 bln 336 mln drams but taking other
factors into account as well, energy enterprises will benefit in the
amount of 2 bln 349 mln drams next year. However, there are also
negative factors that will result in losses. Particularly, in 2008 the
Armenian Nuclear Power Plant will be stopped for a longer period, the
price of nuclear fuel have increased in international market, etc.