CALLING ON BUYERS TO BE CALM, STAR COMPANY HAD TO TEMPORARILY SUSPEND ITS TRADE

Trend
March 3 2009
Azerbaijan

Calling on the buyers to be calm, STAR company, a large food retailer
of Armenia, had to temporarily suspend its trade.

STAR press-service told ArmInfo, the panic ruling in the city today in
connection with the abrupt leap in USD exchange rate made the company’s
leadership to decide to suspend the work of shops for 2 hours – since
3 pm. "We want to understand the situation in the market and hold
efficient negotiations with suppliers and representatives of state
bodies," – STAR Executive Director Vahan Kerobyan said. According to
him, this measure is aimed at prevention of the panic and agiotage. "We
call on our buyers and all residents of Armenia to be calm",- he said.