CARREFOUR CHAIN TO ENTER ARMENIAN MARKET BY THE END OF 2013 - MINISTRY

NEWS.AM
March 29, 2013 | 15:18

YEREVAN.- Carrefour trade chain will open in Armenia by the end of
this year, representative of Economy Ministry Karen Vardanyan said.

A seminar on "Carrefour in Armenia: Problems of Business Environment
and Free Competition Issues" was held in Yerevan on Friday.

Vardanyan said the Ministry sees no problem with Carrefour's entering
Armenian market and labeled delays as "internal problem of business
environment."

Chairman of parliament's standing committee on economic affairs Vardan
Ayvazyan noted that the Carrefour problem was extremely politicized.

He agreed that competing retailers are concerned over the issue.

"I've heard that Aleksanyan [owner of Yerevan City supermarkets -ed.]
is ready to sell his chain," he added.

Former owner of a coffee packing company "Parisian Surch"
Valerie-Ashkhen Gortzounian, participating in the discussion via Skype,
said that laws do not work in Armenia.

In response, Ayvazyan noted that it will last only half an hour to
register a new company in Armenia.

However, the key - whether the company can run business smoothly in
the chosen market - was left out.