Problem in the market

07/10/2006

Suren Bekirski, director of “TOSP” CJSC, does not agree with the abovementioned and brings an example: “How? People have to be healthy in order to go abroad; they have to be able to enter shops and get dressed so that they can have a good physical appearance in society. Nevertheless, if a person is sick and is taking chemical medicines, he is not able to take care of himself and become modern. First of all, they have to take care of themselves and then do other things.”

Tigran Jrbashyan, head of AEPLAC
-We have problems in the markets where we want to compete. For instance, the companies producing natural juice have bought “second hand” technical lines that are almost 20 years old. Whereas they were able to get income with the low dram rate in the past 15 years, now they can’t. As a result of these changes people are beginning to understand that the dram rate will never be low again.
 
Tatul Manaseryan, NA deputy, economist
-I don’t think that the natural juice imported from Ukraine or other countries is better than the Armenian one, or can be compared to the juice sold in the Armenian market.
 
Khachatur Sukisyan
-Companies have imported good German technical lines to produce natural juice.

Tihgran Jrbashayn
-I think we will not be able to solve this problem during the next 3-4 years. Dram will continue growing in price regardless of anything. The CB does not have the adequate tools to solve this problem. Now the CB has fixed an optimal position, which sounds like, “If I am not able to regulate the changes, I will try to resist the inflation as much as I can”.

Ara Galoyan, “168 Hours”, economist/reporter
-I don’t think the CB is resisting it. I don’t think the inflation mark is 6%.

Hrant Bagratyan
-How can the CB resist the inflation if everything sold in the stores of Yerevan has doubled in terms of the dollar? It doesn’t matter whether it is expensive in dollar or in dram; it is expensive in dram too.