YEREVAN. - The protest march of the “No to Plunder” initiative against electricity price hike in Armenia has kicked off from Yerevan’s Liberty Square. The march is attended by several hundreds of citizens, who are at the moment moving along Tumanyan Street.

The protestors are scanning “We are the decision-makers,” “Unification,” “No to price hike” and “Serzhik the Lier.”

The march is controlled by a large number of policemen, as reported by Armenian News – NEWS.am correspondent.  

Members of the oppositional movements “Founding Parliament,” and “Stand up, Armenia” have also joined the “No to Plunder” campaign.

The march was scheduled to be held in Yerevan’s Sayat-Nova, Abovyan, Amiryan streets, as well as Mashtots Avenue, and was to end in Liberty Square.

The decision on electricity price hike has come into force since August 1. PM Hovik Abrahamyan stated that the added 6,93 AMD will be subsidized by extra-budgetary funds received from the  sale of Armenia’s Vorotan Cascade.

The initiative members were outraged by the fact that although the President had announced that the whole “burden” would be taken on by the state, the PM stated that the subsidy will be provided only to the citizens and those small and medium enterprises (SME) which consume up to 500 kW energy.

The initiative members said they feel deceived.