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Armenia’s economic model is a large vacuum cleaner – opposition member

12:37, 28.06.2012 Region: Armenia Theme: Politics, Economics

YEREVAN. – The economic model of Armenia is a large vacuum cleaner which collects all the money in the country and puts it in the pockets of the oligarchs, opposition and former Karabakh Committee member Ashot Manucharyan stated during a press conference on Thursday. 

In his words, this amount subsequently goes to foreign banks, and those oligarchs—even if they build homes in Armenia—bring the stones from abroad.  

“That is, they collect the money in Armenia and spend it abroad, and, consequently, we cannot have great expectations from the Government’s program,” stressed Ashot Manucharyan.

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