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Former CBA Chairman Speaks About Crisis In Economy

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  • Former CBA Chairman Speaks About Crisis In Economy

    FORMER CBA CHAIRMAN SPEAKS ABOUT CRISIS IN ECONOMY

    Tuesday,
    July 23

    "The 50% increase in transport fares means a crisis in the economy,"
    the former chairman of the Central Bank of Armenia (CBA) Bagrat
    Asatrian told reporters today.

    He expressed an opinion that in case of correct calculations, the
    transport fare would decline and not grow, but it has increased
    because the bus lines are the 'political support of these authorities'.

    Economist Vardan Bostanjian noted for his part that such 'petty'
    problems are used by the authorities to divert attention from serious
    problems. According to him, the actions of activists and public
    discontent will not give results.

    Bagrat Asatrian disagreed with him, noting that 'everything depends
    on volumes'.

    22.07.2013, 17:19

    Aysor.am

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