Management expert: Armenia authorities need to be tough, even cruel, with shadow business

YEREVAN. – Shadow economy is the simplest reserve for the budget of Armenia, management expert Harutyun Mesropyan stated at a press conference on Saturday, when asked about the 2017 State Budget of the country.

As per Mesropyan, shadow economy makes up about 50 percent in Armenia, a battle needs to be fought against it, and the respective measures need to be tough—and e...