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August 17
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YEREVAN.- Large business will work transparently in case there is political will, Armenian PM Tigran Sargsyan said addressing the MPs on Wednesday.

In response to a question by Prosperous Armenia Party MP Vartan Oskanian, Premier said lack of equal opportunities for business is a serious problem for economy development. It depends on success or failure of government’s economic program, he believes.

“If we do not manage to create competitive environment for large business, our programs will be ruined,” he added.

As to necessary mechanisms, Sargsyan stressed that the public must be provided detailed information about large businesses dominating the market.

“The first steps aimed to increase transparency have been made. Reports of large companies, auditor’s report must be available. Another step is to restrict the volume of cash transactions so that business could not hide the real income through front companies. If have political will, we will achieve success,” he said.

 

 

 

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