ARMENIAN ECONOMY OVERMONOPOLIZED

PanARMENIAN.Net
23.10.2009 19:31 GMT+04:00

/PanARMENIAN.Net/ "Dominating monopolization in Armenia will bring the
country to a deadlock. I agree there are both objective and subjective
reasons for monopolization," RA Ombudsman Armen Harutyunyan told a
news conference in Yerevan. RA economy’s monopolization is explained
by mainly subjective factors, Armen Harutyunyan noted, adding that RA
anti-monopoly institutions’ work is not productive enough and carries
mostly formal character.

The Ombudsman emphasized the importance of institutional reforms,
stressing that otherwise Armenia will not be able to overcome
challenges faced. "Monopolization and labor exploitation has to be
eliminated," Armen Harutyunyan underscored.