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If We Have Political Will, Large Business Will Work Transparently -

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  • If We Have Political Will, Large Business Will Work Transparently -

    IF WE HAVE POLITICAL WILL, LARGE BUSINESS WILL WORK TRANSPARENTLY - ARMENIAN PM

    news.am
    June 20, 2012 | 13:01

    YEREVAN.- Large business will work transparently in case there is
    political will, Armenian PM Tigran Sargsyan said addressing the MPs
    on Wednesday.

    In response to a question by Prosperous Armenia Party MP Vartan
    Oskanian, Premier said lack of equal opportunities for business is
    a serious problem for economy development. It depends on success or
    failure of government's economic program, he believes.

    "If we do not manage to create competitive environment for large
    business, our programs will be ruined," he added.

    As to necessary mechanisms, Sargsyan stressed that the public must
    be provided detailed information about large businesses dominating
    the market.

    "The first steps aimed to increase transparency have been made.

    Reports of large companies, auditor's report must be available.

    Another step is to restrict the volume of cash transactions so that
    business could not hide the real income through front companies. If
    have political will, we will achieve success," he said.

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