HRANT BAGRATIAN: 55% OF PROPERTY IN ARMENIA BELONGS TO<br /> PEOPLE HAVING POLITICAL POWER <br />


HRANT BAGRATIAN: 55% OF PROPERTY IN ARMENIA BELONGS TO
PEOPLE HAVING POLITICAL POWER

  • 03-04-2007 20:45:00   | Armenia  |  Economy
YEREVAN, APRIL 3, NOYAN TAPAN. The current authorities of Armenia carried out a "merger of property and power", due to which "55% of property belongs to people who have political power." The former prime minister of the RA Hrant Bagratian expressed this opinion on April 3. According to him, the elite of the former authorities did not accumulate a large amount of property, while the current authorities are trying to attribute such actions to them, particularly, by opening the "mazut case". In the opinion of Hrant Bagratian, Armenia's economic growth rates are actually lower than is presented by official statistics. He said that so high growth rates could have been registered if the Armenian economy had hdd a high level of cooperation with neighboring countries. At the same time, in his words, the current Armenian authorities have continued the previous authorities' policy of eliminating restrictions on tax-budgetary and economic activity.
  -   Economy