Parliament adopts opposition’s bill on tackling promotion of unlicensed crediting services

Armenpress 10:26, 19 April, 2019

YEREVAN, APRIL 19, ARMENPRESS. Opposition Lusavor Hayastan (Luminous Armenia) faction’s bill on setting a fine for advertising crediting mediation services has been adopted by parliament with 86 votes in favor at first hearing.

The bill envisages a fine of 2000 times the minimum salary for advertisements promoting unlicensed crediting services. In recidivism cases within 4 years the penalty will be doubled.

Edited and translated by Stepan Kocharyan



About agency

Address: Armenia, 22 Saryan Street, Yerevan, 0002, Armenpress
Tel.: +374 11 539818
E-mail: contact@armenpress.am