March 6, 2009 - 19:36 AMT
Star supermarkets network supports transition to floating rate
Star Supermarket Chain Management supports the floating exchange policy.
According to Star Financial Director Gurgen Narimanyan, the recent governmental policy resulted in a number of problems, so we need some time to overcome the consequences. ''I'm confident that it was a necessary and timely step for Armenia. The economy sector will benefit from it in the medium term perspective.''
''Here we have a favorable conjuncture for direct investments,'' Star Financial Director noted.
''Still, the government should be consistent in tax reduction, provision of equal rights in selective market and financial sector support.''