06/08/2010 16:44
Why does Armenia import grain and flour?
Chairman of Association of Consumers of Armenia Armen Poghosyan expressed his concern over Russia’s temporary ban on grain exports. According to him, Armenia imports grain and flour while there are grain processing enterprises in Armenia.
He stressed that industry does not develop in Armenia, though progress in this or that sphere is reported. The results in the construction and jewelry branches cannot be considered as key factors in economic development since economy develops on the basis of industry and agriculture.
“Since we have no industry, there is no counterbalance to resist price increase,” Poghosyan said. He noted that only 2 companies on the list of the 30 major taxpayers of Armenia work in the sphere of industry, the rest are importers.