How will the increase in gas prices affect consumers and Armenia's economy? The former Minister of Finance, the international consultant Verdan Armian shared his calculations with if the price of gas supplied to Armenia increases by 69%, the cost to the end consumers will increase by about 29% - from 143 to 185 drams per 1 cubic meter. The increase in gas tariffs will affect the Armenian economy in several directions at the same time: - the consequences (even with government subsidies) will still be very serious. An increase in household spending will lead to a reduction in spending - and therefore a decrease in demand - which will mainly affect the trade and services sector. The manufacturing sector will be hit hardest, from agricultural producers to heavy industry. In this context, Verdan Armian agrees with the apocalyptic scenario predicted by the chairman of the central bank.

How will the increase in gas prices affect consumers and Armenia's economy? The former Minister of Finance, the international consultant Verdan Armian shared his calculations with if the price of gas supplied to Armenia increases by 69%, the cost to the end consumers will increase by about 29% - from 143 to 185 drams per 1 cubic meter. The increase in gas tariffs will affect the Armenian economy in several directions at the same time: - the consequences (even with government subsidies) will still be very serious. An increase in household spending will lead to a reduction in spending - and therefore a decrease in demand - which will mainly affect the trade and services sector. The manufacturing sector will be hit hardest, from agricultural producers to heavy industry. In this context, Verdan Armian agrees with the apocalyptic scenario predicted by the chairman of the central bank.