Time in Yerevan: 11:07:36,   26 May

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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