“LIQUIDATION PRICES”: MANY SHOPS ARE ON THE VERGE OF CLOSURE (VIDEO)

12:16 | April 21,2015 | Economy

“Liquidation prices”, ‘Big sales”, “For sale or lease” signs are hung
on the shops.

“There is no sale, we aren’t able to survive, we have to set
liquidation prices in order to close the shop,” Sofya Baghdasaryan,
one of the shop owners, told in the interview with “A1+”.

The vendors aren’t able to pay the loans taken for turnover and area
rents in time. According to their words, it has become impossible to
be engaged in the small and medium-sized business in Armenia.

Economist Zoya Tadevosyan gives some reasons for this situation- high
level of unemployment, sharp decline in consumer purchasing power,
migration, unequal competitive conditions. In this context Mrs.

Tadevosyan notes:

“If there are no favorable conditions for businesses, stable tax
system, if there is corruption, implementation of such mechanisms,
which force people to pay more taxes in order to fill the state budget,
who would like to work under these conditions?”

According to the National Statistical Service data, compared with
the last year the volumes of domestic turnover have decreased by 7.4%
in January, by 6.4% in February and by 5.3 % in March.

Watch the details in the video!