STAR: THE STATE PLAYS AN IMPORTANT ROLE IN DEVELOPMENT OF ARMENIAN PRODUCTION AND MAINTENANCE OF FAIR PRICES FOR IMPORTED COMMODITIES

ArmInfo
2008-12-22 15:02:00

The state plays an important role in development of Armenian production
and maintenance of fair prices for imported commodities, Vahan
Kerobyan, the executive director of the network of STAR supermarkets,
told ArmInfo correspondent.

He said that over the last month the import of foodstuff has been
steadily growing, and that of non-food items has been falling to some
extent. The foodstuff import rates will be maintained, but the state
should exert certain efforts to present the commodities to consumers at
"correct" prices, Kerobyan stressed.

He also added that in the year 2009, which will pass in the network
under the slogan "STAR-save more!", the company is going to decrease
prices even more, but not at the expense of quality. "The price
decline will be ensured due to liquidation of excessive expenditures
from the prime cost of commodities. This will by no means affect the
tax payment",- Kerobyan said.

To recall, the Central Bank of Armenia has recently announced that
despite the maintenance of import growth in Armenia, nevertheless,
its rates are expected to decelerate because of diminution in demand
in the domestic market.