Tax and corporate law firm in Armenia serving clients with domestic and international operations
Monday, March 26, 2012
Chain Stores to Be Restricted in Number
The Government introduced a draft bill seeking to restrict the number or supermarkets in Yerevan and other regions. The bill is aimed at protecting interests of small and medium traders and makes building new supermarkets contingent upon authorization by municipal authorities. Representatives of chains consider the bill to be premature given the relatively small share of supermarkets in the trade volume (10-15%).