ECONOMIC CONCERNS: ECONOMIST WARNS OF PRICE HIKES
Siranuysh Gevorgyan

ArmeniaNow
http://www.armenianow.com/economy/24879/armenian_economist_manaseryan_speaks_on_inflation

Manaseryan spoke on price hike and alarming issues of the current
economic development.

Deputy National Assembly , economist Tatul Manaseryan, said today that
he is concerned about the recent economic developments in Armenia,
pointing out the indexes of economic growth registered in Armenia
during the first eight months of this year.

"We had an 8.8 percent economic growth during the first five months,
and a serious regress was registered during the next two months,
which should be alarming for all of us," Manaseryan says.

The regress led to a sharp decline of the growth index down to 3.1
percent (according to data of the National Statistical Service of
Armenia) during the first eight months of this year.

Manaseryan is most of all concerned about the decline in agricultural.

According to the economist, a policy must be developed in the
agricultural sector, which would reduce price fluctuations. Bringing
potato as an example he said: "Last year, because of excessive
production, the minimum price per kilo of potato was 25 drams (7
cents), this year it is ten times more expensive."

Chairman of the Standing Committee on Economic Affairs of the National
Assembly Vardan Ayvazyan told journalists at a press conference
Thursday that currently all the necessary measures are taken to
suppress price hikes in Armenia.

"If there were no such measures, the price hike would have been
even greater. The current price hike in Armenia is mainly the 'gift'
presented by the foreign market; and I do not think it is caused by
monopolies in the market," Ayvazyan says.




From: A. Papazian