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Two People Hold 17% Of The GDP Of Armenia

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  • Two People Hold 17% Of The GDP Of Armenia

    TWO PEOPLE HOLD 17 PERCENT OF THE GDP OF ARMENIA

    Lragir
    Dec 21 2007
    Armenia

    The ex-prime minister of Armenia Hrant Bagratyan calculated and stated
    December 21 at the Hayeli club that two persons hold 17 percent of
    the GDP of Armenia: Robert Kocharyan and Serge Sargsyan.

    "How can such a president or such a prime minister rule neutrally
    in such a country?" Hrant Bagratyan stated, noting that with this
    status Serge Sargsyan could not be a defense minister, then a prime
    minister, and afterwards become a president because he has possessions,
    businesses which will prevent him from ruling neutrally.

    However, Hrant Bagratyan's judgments are not based on evidence but
    judgments on what has happened.

    "For the president, he is engaged in banking, he controls a large
    share of import. He directly controls at least two banks. He has an
    important role in mining, construction," Hrant Bagratyan says. He gives
    the example of privatization of the copper and molybdenum factory. In
    2004 the factory was sold for 132 million dollars, while the annual
    profit of the factory exceeds this sum several times. "I think the
    interests of the president and the ruling clan featured in this deal,"
    Hrant Bagratyan says, noting that otherwise no such deal would be made,
    especially on a condition of payment of 132 million dollars in three
    years for a factory with an annual one billion dollar of turnover.

    Hrant Bagratyan says it is not the same as the Azerbaijani oil but
    the price of molybdenum grows faster than oil's, and for Armenia the
    factory of Zangezur is one fourth of the value of the Azerbaijani oil
    but this potential is wasted. As to Serge Sargsyan, Hrant Bagratyan
    points to Armavia among the prime minister's possessions. "Nobody
    is so ingenuous. If Baghdasarov were not the government's protege,
    Serge Sargsyan's or Robert Kocharyan's, he would not be its owner. Its
    predecessor was the Armenian Airlines which had 30 flights a month.

    The annual number of passengers was 900 thousand to 1 million 100
    thousand. Assume 1 million. The average price of a ticket is 300
    dollars. In other words, its assets total 300 million dollars,"
    Hrant Bagratyan says, noting that Armavia was privatized for 0 dollar.

    As to the question of reporters whether under the former government
    when Levon Ter-Petrosyan was president, and he was prime minister,
    there was no protectionism, Hrant Bagratyan says Levon Ter-Petrosyan,
    him, and the ministers did not run businesses. "It may sound ambitious,
    but I think only the former government can speak about honesty," Hrant
    Bagratyan says. He also stated that if Ter-Petrosyan comes to power,
    he will have a point in his program that a person, a businessman,
    who is appointed to a high-ranking post, lends his property to the
    government til the end of his office.
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