YEREVAN. – The difference between the “white” and the “black” wages in Armenia is solely about 20 percent.  

Economist Gagik Makaryan, who is also Chairman of the Republican Union of Employers of Armenia, noted the abovementioned at a press conference on Thursday, adding that this is attested by the recent studies by international organizations.  

Nonetheless, as per Makaryan, the fact, according to which the employers in Armenia do not want to formally register their employees and pay taxes from their salaries, is a real issue in the country.

“[But] we have to follow the law not only because they will punish otherwise. The registration of an employee is also the guarantee for the latter’s health and labor rights,” Gagik Makaryan stated.