SHADOW ECONOMY IN PETROLEUM MAKES UP 400%, OPPOSITION SAYS

Panorama.am
15:13 20/06/06

In a debate with Gagik Melikyan, Tatul Manaseryan from opposition
stated that twice as little petroleum is reported in Armenia today
against 1995 in case of cars being three times more than in 1995.

"The decline in petroleum demand may be explained that cars are being
fueled now with gas," explained his opponent Gagik Melikyan. However
Manaseryan did not agree saying that gas-feeling stations are opening
every day. Manaseryan is sure that if shadow economy in Armenia is
70-80%, the shadow in petroleum is 400%.