Gagik Tsarukyan: 99% of population have bank loans (video)

Leader of the Prosperous Armenia Party (BHK) today received car importers who want to get rid of the label ‘broker.’

“Ninety-nine percent of the country’s population have bank loans and pay interest rates,” Gagik Tsarukyan said. “People are trapped as they have to pay 16 percent, instead of 2-5 percent. If people cannot afford daily bread, how can they pay these high rates and taxes?”

The BHK leader then reminded that over 4000 stalls, shops, small and medium businesses have closed down in one year. “People working there either left the country or are out of work…”