The Subsidies for the Increased Electricity Price Don’t Cover Big Businesses and SMEs
August 20, 12:00

Armenia’s Government cannot ensure the long-term subsidization of the increased electricity price since the country has a constant budget deficit and it lacks financial resources to subsidize all sectors. 

Gagik Makaryan, Head of the Employers’ Association, and Daniel Ioannisyan, Project Coordinator at the Union of Informed Citizens, shared thoughts on how the increased electricity price will be subsidized and what impact it will have on big business.

The hike in electricity rates saw prices rise more than 7 drams from August 1, 2015.

Read more.

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