YEREVAN. – Armenian authorities have to sacrifice at least some of the oligarchs to somehow exitnguish public discontent over the July events when police regiment was captured by an armed group followed by demonstrations and actions of protest. This was stated by Gagik Makaryan, chairman of the  Republican Union of Employers of Armenia.

Makaryan believes discontent accumulates because all the economic opportunities are usurped by people close to those in power. This refers to not only the senior management level, but starts from heads of village administrations and up to senior officials who are using their position to grab business.

“They do nothing for the development of the country. The authorities have to meet compromise and get rid of at least part of those figures peacefully in order to end 2016 without new shocks,” he said.