Zhoghovurd: Sharp price increases expected in Armenia
Prices of some goods, including essential goods such as sugar, vegetable oil and chicken meat, will go up sharply in Armenia following its entry into the Customs Union, Zhoghovurd reports.
Armenia’s Economy Minister, Vahram Avanesyan, confirmed this information to Zhoghovurd. “Yes, it is a possible scenario and expected damage,” he said, adding that the benefits of joining the Customs Union will exceed the expected damage.
The Minister also said that it is impossible to predict all risks and obstacles of Armenia’s accession to the Customs Union.