The Impact of the Tariff Increase on the Armenian Economics
07.07.2014
15:00
The activities aimed at developing the Armenian economics do not go in line with the existing pricing policy. On the one hand, competitive economics, alongside with the prospect for becoming an exporting and importing country, is pursued, on the other hand, the current pricing policy is driving the country in the opposite direction.

Vahagn Khachatryan, economist and member of the Armenian National Congress; Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia; Ashot Yeghiazaryan, an economist; and Mane Tandilyan, an activist with the Dem.am civic initiative, shared thoughts at the panel discussion entitled ‘The Impact of the Increased Gas and Electricity Tariffs on the Armenian Economics.’ The event was initiated by the Armenian branch of the Institute for War and Peace Reporting in cooperation with the Media Center.

‘Social issues are sure to rise due to the tariff increase, and surely, the appropriateness of such increase is still being discussed,’ noted Vahagn Khachatryan, adding that ‘the business sector has not reacted to the increase. They have not demanded clarification from the authorities while the authorities may consider they can continue raising the tariffs.’

Gagik Makaryan, Chairman of the Republican Union of Employers, believes many problems are closely connected with the Ministry of Energy and Natural Resources. The panelist cited the set of functions of the ministry which was approved by the government in 2008, listing approximately 10 functions which are not performed presently.

Economist Ashot Yeghiazaryan commented that the Armenian energy sector has adopted the Russian model, which makes Armenia unattractive for investors since the market is not free.

Mane Tandilyan, as a citizen of Armenia, demanded the authorities’ explanation why ‘the economic burden should fall on a final consumer only who will subsequently have to pay 42 drams instead of estimated 25 drams.’

‘We have missed the opportunities offered by Iran. Probably there is a problem which is not discussed publicly, for example the Russian capital,’ stated Vahagn Khachatryan.

The panelists pointed out other problems caused by the tariff increase. Evidently, the tariff increase will be followed by rise in prices. In addition, according to Gagik Makaryan, ‘10 percent reduction of money in hand will bring about the decrease of purchasing ability.’

The Commission for the Regulation of Public Services has approved an electricity price rise of more than ten per cent, with officials saying they needed to close a gap of 20 billion drams to save the power network from bankruptcy. The decision comes into effect on August 1, and although the government claims it is a temporary arrangement, it has sparked resentment in Yerevan.

Photos
Print Friendly and PDF
More Press Releases
Reasons and Tendencies of Hepatitis Transmission in Armenia
16.08.2018
12:00
Media Center, Yerevan, in 2017-2018 Positive People Armenian Network NGO conducted a research in Yerevan, Gyumri, Vanadzor, Hrazdan, Sevan, Gavar, Martuni and in Armavir aimed at early disclosure of virus hepatitis B and C among population and raising awareness.
Defense Field State Procurement Contain Intense Corruption Risks: Expert
26.07.2018
14:00
On July 26 Artak Manukyan president of National Center of Public Policy Research presented the monitoring results of 2017-2018 defense field state procurements at Media Center.
Media: New Authorities, Tendencies to be Concerned About
25.07.2018
12:00
Manipulation, campaigns, disinformation, fake sites, all this has always been in media. It’s the scales we witness currently that enables media experts to label the situation as critical.
“The Obstacles Facing the Monitoring Group and Current Problems Relating to Violation of Human Rights in Penitentiary Institutions”
25.07.2018
11:00
After the velvet revolution the ministry of justice sticks to the same position and keeps hindering the group's activity the same way", stated Nare Hovhannisyan, member of the public monitoring group in conducting public control in RA ministry of justice at July 25 Media Center discussion.
The Conditions of Russian Military Base Armenian Stay Should be Clarified
23.07.2018
13:00
At July 23 Media Center discussion on “Unrest over Panik Incident”, Artur Sakunts, head of Helsinki Citizens’ Assembly Vanadzor Office labelled July 17 Panik incident on behalf of Russian military as terror act against the local population.
Follow us on social networks
Registration of events
Services
Videos
Armenia-Turkey Events