Armenian minister suggests mulling over legalizing of some monopolies
30.05.2016,
16:42
In a move to back monopolies Armenia’s economy minister Artsvik Minasyan said today monopolies can exist in the country, but only under special circumstances and strict state control.
YEREVAN, May 30. / ARKA /. In a move to back monopolies Armenia’s economy minister Artsvik Minasyan said today monopolies can exist in the country, but only under special circumstances and strict state control.
"There are some areas where the state may tolerate the dominance of monopolies, but they must be lawful, transparent and bear the social burden,’ Minasyan told reporters.
He stressed that this concept should become a subject of public discussion so that future potential monopolies realize the scale of heavy burden and responsibility they will have to assume.
"We have a sugar factory that operates at 25-30% of its capacity. The question is which is better? Not to allow it to work at its full capacity or recognize its monopoly by law and make it operate at least 90% of its capacity, secure a certain number of jobs, fiscal revenues and transparent activity, ‘ the minister said.
According to him, in that case, regardless of the factory’s shareholders, the government may show support to that company in the organization of exports. When asked whether this does mean that the government is trying to legalize what is illegal today, the minister replied: "No, I'm just saying that these issues should be brought up for discussion». - 0-
"There are some areas where the state may tolerate the dominance of monopolies, but they must be lawful, transparent and bear the social burden,’ Minasyan told reporters.
He stressed that this concept should become a subject of public discussion so that future potential monopolies realize the scale of heavy burden and responsibility they will have to assume.
"We have a sugar factory that operates at 25-30% of its capacity. The question is which is better? Not to allow it to work at its full capacity or recognize its monopoly by law and make it operate at least 90% of its capacity, secure a certain number of jobs, fiscal revenues and transparent activity, ‘ the minister said.
According to him, in that case, regardless of the factory’s shareholders, the government may show support to that company in the organization of exports. When asked whether this does mean that the government is trying to legalize what is illegal today, the minister replied: "No, I'm just saying that these issues should be brought up for discussion». - 0-
