22/07/2013 17:02
Asatrian: Yerevan Municipality’s reasons for fare increase are laughable
“The purpose of the owners of bus lines is to ensure their super profits,” the former Chairman of the Central Bank of Armenia Bagrat Asatrian said at the meeting with journalists today. In his words, a number of parliamentary deputies have a direct interest in that business, while the reasons given by Yerevan Municipality to justify the increase in public transport fares are ‘laughable’.
Economist Vardan Bostanjian said for his part that some in Armenia do not imagine entrepreneurial activity without a super profit and this “has become a psychology”. “The bus fare increase is a manifestation of that psychology,” Bostanjian noted, stressing the necessity to raise wages in parallel with the increase in prices of services.