YEREVAN. – Gaining half the profits by working lawfully is more convenient for the oligarchs than working with high profits but under risks, not being sure that they will not be arrested tomorrow.  

Opposition Armenian National Congress bloc National Assembly (NA) Faction Secretary Aram Manukyan stated the aforesaid on Tuesday at NA. 

In his words, the system of kickbacks and misappropriations is coordinated and overseen in Armenia.

“This system does not allow anyone to work freely and honestly,” Manukyan said. 

As per the opposition MP, 50 percent of Armenia’s GDP is in the hands of thirty families, and the external debt/GDP ratio has reached the dangerous 44-percent level in the country.

“This is the fringe where any country can adopt us,” Aram Manukyan noted.   

He added that those emigrating from Armenia have started to take even their tools and equipment along with them.