Time in Yerevan: 11:07:36,   29 February

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

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

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





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