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Armenia: Market barriers delay awaited supermarket

 |  January 21, 2014

As the World Bank recently released a report deeming Armenia’s economy as one of the most monopolistic in the region, reports say a conflict regarding barriers to enter the supermarket industry and ringing true to the World Bank’s words.

France-based supermarket giant Carrefour has reportedly been trying to enter into the Armenia market for more than one year, having already established a location in the neighboring nation of Georgia.

Some are reportedly attributing Carrefour’s difficulties entering the nation to Samvel Alexanian, the tycoon who owns both Armenia’s largest grocery chain and its largest food importer.

Prime Minister Tigran Sargsyan has weighed in on the matter, vowing to do everything possible to allow Carrefour to bring in new competition to the industry, say reports.

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