Armenian opposition: Power and economic resources monopolized in Armenia

Foreign ambassadors to Armenia are interested in the “100 steps” programs of economic reforms proposed by the Armenian National Congress (ANC).

They asked the ANC to provide them program to them, the Armenian ex-premier Hrant Bagratyan told reporters on March 19.

He pointed out that the ANC’s program is designed to put an end to monopolized economy.

“Power and economic resources are monopolized. If we look at the Forbes section dealing with Armenia, we can see that 54.7% of Armenia’s economy is in the hands of the ten richest families. By way of illustration, only 1.9% of GDP are in the ten richest families in the United States. In Russia, which is considered monopolized as well, only 3.7% of GDP are in the ten richest families’ hands,” Bagratyan said.

“Most of the ten persons have criminal past. About half of them are the first and second persons of the state. Such a country cannot progress. They are mostly persons relying on monopolies… Importers have gradually monopolized the economy, because the ten families think as follows: why should we produce and invest in Armenia if we can earn money by importing,” Bagratyan said.

According to him, development requires getting rid of this vicious system and of the people in question.

The ANC proposes increasing the number of employees in economy – from several dozen up to hundreds of thousands people.


/News.am/