Abrahamyan: Government will not tolerate unfounded price hikes
Armenian Prime Minister Hovik Abrahamyan on Wednesday met with representatives of the International Monetary Fund (IMF), the World Bank (WB), and businessmen, he said at a cabinet meeting on Thursday.
He noted that the international partners absolutely support the Armenian government’s efforts aimed at stabilization of the financial market.
According to the PM, a stabilization tendency was observed on the financial market today and yesterday, but the government is concerned about high margin at currency exchange points and price hikes on the consumer market. In particular, he said, prices for sugar, flour and some other foods rose yesterday.
In this connection, Mr Abrahamyan instructed head of the State Commission for the Protection of Economic Competition Artak Shaboyan to monitor the situation and brief him on the results every day.
“The government will not tolerate unfounded price hikes,” he said.