The Public Services Regulatory Commission (PSRC) says it intends to reduce natural gas prices in Armenia in response to a request from provider Gazprom Armenia.
Despite the optimism of Armenia’s authorities, the economy of the country, directly and indirectly, will bear negative consequences of the four-day war in Nagorno-Karabakh earlier this month, say economists, who also predict that a possible increase in military spending could become a bigger burden on the country’s economy.
While Armenia’s government believes that a lowering of natural gas and electricity tariffs is going to take place soon, it is not yet clear to what extent it will impact the country’s economy.
Last week, Russian Gazprom’s Armenian subsidiary, Gazprom Armenia, announced its intention to apply to the Public Services Regulatory Commission for a lower tariff for household and companies in Armenia.
Armenian Prime Minister Hovik Abrahamyan has given the economy minister a month to develop guidelines with detailed description of importation procedures related to a number of essential goods whose trade in Armenia is perceived to be monopolized.
Acting Amid Skepticism: Ministry of economy seeks media, public ‘tip-offs’ for better anti-trust policies
While the initiative of Armenia’s government to fight corruption appears to be gaining new forms, many observers and opposition members remained skeptical and unconvinced, discarding the process as another “imitation”.
Defeating the Purpose?: Minister suggests granting monopoly to sugar importation as part of anti-trust fight
The statement by Armenia’s Economy Minister Artsvik Minasyan about the possible official granting of a monopoly for sugar importation has deepened public skepticism regarding the government’s declared anti-trust and anti-corruption efforts.
Not only Armenians living in their homeland, but also those in the entire world should refuse to buy Turkish goods because by buying them they support terrorism and production of weapons that are used against Armenians, argue activists of the “Protest Against Turkish Product” initiative.
While Armenia’s government, responding to the demands of some public circles, is carrying out studies as to gains and losses of a possible move to ban the import of Turkish goods, some local experts already present their calculations.
Fight for Demonopolization: Expert says political decisions needed to deal with market “concentration”
While the Armenian government is taking steps to regulate “high concentration” areas of the economy, many in the country still remain skeptical about its having the necessary political will to fight against corruption and monopolies.