STAR SUPERMARKETS NETWORK SUPPORTS TRANSITION TO FLOATING RATE

PanARMENIAN.Net
06.03.2009 19:36 GMT+04:00

/PanARMENIAN.Net/ Star Supermarket Chain Management supports the
floating exchange policy.

According to Star Financial Director Gurgen Narimanyan, the recent
governmental policy resulted in a number of problems, so we need
some time to overcome the consequences. "I’m confident that it was
a necessary and timely step for Armenia. The economy sector will
benefit from it in the medium term perspective."

"Here we have a favorable conjuncture for direct investments," Star
Financial Director noted.

"Still, the government should be consistent in tax reduction, provision
of equal rights in selective market and financial sector support."