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Gov't structures to reduce shadow economy

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  • Gov't structures to reduce shadow economy

    ARKA News Agency, Azerbaijan
    Nov 10 2006


    GOVERNMENT STRUCTURES TO REDUCE SHADOW ECONOMY

    YEREVAN, November 9. /ARKA/. Government structures must deal with the
    problem is reducing the share of shadow economy, President of the
    Union of Jewelers of Armenia Gagik Abramyan told reporters.
    "The observation of laws and timely tax payments must be demanded,"
    he said.
    In his turn, President of the MIKA Armenia Trading Company Mikael
    Bagdasarov pointed out that "right laws" should be applied in
    battling shadow economy. "The Armenian Parliament and Government must
    combine their efforts in elaborating such mechanisms that would put
    an end to shadow economy," Bagdasarov said. He stressed the
    importance of transparency of this process. P.T. -0--
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