YEREVAN: Armenian President Serzh Sarkisian (pix) on Saturday suspended a controversial hike in electricity prices but the move failed to appease protesters who vowed to keep up with the largest anti-government demonstrations the ex-Soviet nation has seen in years.
Thousands have taken to the streets of the capital Yerevan since June 19 to demonstrate against a proposed 16-percent hike in electricity prices in a country already hit hard by the economic crisis in neighbouring Russia.
Under pressure to end the unrest, Sarkisian announced that the government would temporarily “bear the burden” of the higher rates pending an audit on “how justified …read more
Source: theSun
