YEREVAN, NOVEMBER 20, ARMENPRESS. Deputy Prime Minister of Armenia Tigran Avinyan, commenting on the government’s economic policy, stated that there are no state-sponsored monopolies in new Armenia and could not be.

“The Armenian government has repeatedly stated, and I also think it has proved with its actions that the economic activity field in Armenia is liberalized and open, there are no state-sponsored monopolies and couldn’t be, and the economic entities can be engaged in their preferred activities. Ensuring free and fair competitiveness is one of the priorities of our government, and the competitiveness in its turn is the driving force of the economy. It contributes to the economic growth and promotes innovation. The 5.2% economic growth in the 2018 political ups and downs, and the 7% growth in 2019 already prove that rooted changes have also been carried out in this direction”, the deputy PM said during a conference on effective competition in the digitized world organized by the State Commission for the Protection of Economic Competition.

Edited and translated by Aneta Harutyunyan