A1+
CHSHMARITYAN IS A LITTLE PLEASED WITH THE CONSOLIDATION OF THE DRAM
[03:09 pm] 02 June, 2006
Minister of Commerce and Economic Development Karen Chshmarityan had
complaint to «A1+» the previous year that the sudden consolidation of
the AMD harms the industry and export. Today he complained of the
consolidation too but this time he was more careful with his words.
«The consolidation is harmful for short-termed export, but on the
whole it is good for long-term projects and investments», he said.
Chshmarityan also informed that he has discussed the issue of the dram
with the President of the Central Bank but this time he characterized
the changes as balanced and not sudden. «If the cost of one dollar
changed from 20 AMD to 40 AMD that would be a sudden change. But if it
changed from 450 to 430, I think this is normal and predictable», the
Minister commented.