Armenian Major Importers Confused

ARMENIAN MAJOR IMPORTERS CONFUSED

PanARMENIAN.Net
04.03.2009 13:01 GMT+04:00

/PanARMENIAN.Net/ Manan Grain company, one of leading Armenian
importers of grain and flour, are waiting for stabilization of the
currency exchange rate

The management is embarrassed. Expectations are not optimistic.

"Central Bank’s new policy will have a negative impact of the company’s
activities, since we strike bargains in foreign currency. We need
several days to examine the situation," deputy director Armen Manukyan
told PanARMENIAN.Net.

According to 2008 data provided by the commission for protection of
economic competition, Salex Group belonging to MP Samvel Aleksanyan
and Manan Grain are major companies in Armenian grain and flour market.