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Economic monopolies are eliminated, Armenian PM on 1st year in office

Economic monopolies in Armenia are eliminated, Prime Minister Nikol Pashinyan told a press conference today on his 1st year in office.

As an example, he noted that in late 2018 the largest sugar importer had 78% of the market share, instead of the previous 95%. The same trend is seen in other products, such as banana importer – 38% instead of previous 57%, petroleum importer – 29% instead of previous 43% etc.

“Please, draw your attention on the fact that these are figures of 2018 May – December. Some other businessmen have decided to begin sugar and petroleum imports. They can import whatever they want, we are not the ones to decide,” he said.

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