Yerevan/Mediamax/. Chairman of Union of Manufacturers and Businessmen of Armenia (UMBA) Arsen Ghazaryan commented on the scheduled AMD 101bln increase in tax payments in the draft state budget 2012 today.

According to him, the members of the Union are ready to pay more taxes on a number of conditions: abruptly reducing shadow economy, ensuring fair competition between economic subjects and ruling out privileges for particular enterprises.

“We have shared our ideas with the Armenian President during our recent meeting and I think they were all welcomed”, said Arsen Ghazaryan.