STAR SUPERMARKET CHAIN MANAGEMENT IS AGAINST UNJUSTIFIED PRICE RAISE

PanARMENIAN.Net
05.03.2009 17:04 GMT+04:00

/PanARMENIAN.Net/ The management of Star Supermarket Chain declared
itself against the unjustified price increase. The management has
settled on a partial price in crease for some of imported goods. Only
goods imported at new prices will be sold at higher prices, Star
press office reported to PanARMENIAN.Net.

"We’re categorically opposed to turning the current situation to our
benefit and aim at maximal price increase control. We highly value
our customers’ trust and are sure we’ll justify it," Star Executive
Director Vagan Kerobyan stated.

Star is one of the major Armenian supermarket chains, comprising 12
supermarkets located all over Armenia.

On Mar. 3 the dram-to-dollar exchange rate has gone up to AMD
360/$1 in few hours against 305 -310 index for sale and purchase
respectively. Dram/euro exchange rate reached AMD 440 (against
387). The upsurge followed CB President Arthur Javadian’s statement
on cessation of control over the foreign currency market and return
to floating rate policy.