Increase in electricity fee damages Armenian business

Ex-Mayor of Yerevan, opposition MP Vagan Khachatrian, thinks that an increase in the price of electricity will negatively influence Armenian export prices. The Armenian government confirmed the new fee that will come into force in August 2014. In particular, the increase will damage small and middle-sized businesses. Some Armenian analysts consider that the country’s energy system is moving towards energy isolation. The country is in permanent deficit of electricity. The functioning of an old nuclear station has limited capacities, the country needs a new nuclear power station.