07/05/2014 11:22
Zhoghovurd: French president to open Carrefour hypermarket in Yerevan
'Zhoghovurd’ paper says that on May 12 French President Francois Hollande will attend the opening of a Carrefour hypermarket in Yerevan. “This news aroused concern of businessmen. Some of them say that local products will not survive due to Carrefour. Carrefour chain itself imports products so many goods on sale have low prices,” the paper notes.
Chairwoman of Center for Small and Medium Business Development NGO Knarik Malkhasian said the appropriate structures should restrict activities of big supermarkets, regardless of whether they are local or not. In her words, Carrefour may introduce a high level of competition into the Armenian market.