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No Increase In Tariffs of Public Services Envisaged in Coming Months

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  • No Increase In Tariffs of Public Services Envisaged in Coming Months

    ACCORDING TO ROBERT NAZARIAN, NO INCREASE IN TARIFFS OF PUBLIC
    SERVICES ENVISAGED IN COMING MONTHS

    YEREVAN, NOVEMBER 3, NOYAN TAPAN. No increase in tariffs of public
    services is envisaged in the first half of 2008, the chairman of the RA
    Public Services Regulatory Commission Robert Nazarian stated at the
    November 2 joint sitting of the RA National Assembly standing
    committees.

    According to him, 403.4 mln drams has been allocated to the commission
    by the 2008 draft state budget, 387 mln drams of which will be current
    expenditures, including the wage fund of 310 mln drams.

    Responding to MPs' question about why tariffs do not decline under
    conditions of the changing dollar-dram exchange rate, R. Nazarian said
    that in particular, the positive impact of the indicated change in the
    energy system is assessed at 1 bln 336 mln drams but taking other
    factors into account as well, energy enterprises will benefit in the
    amount of 2 bln 349 mln drams next year. However, there are also
    negative factors that will result in losses. Particularly, in 2008 the
    Armenian Nuclear Power Plant will be stopped for a longer period, the
    price of nuclear fuel have increased in international market, etc.
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