Newsfeed

Fundamentally, Armenia may be pro-Russian but it does not mean that it may be pro-Putin, Richard Giragosian says

Ex-defense minister of Armenia: NKR Defense Army brilliantly conducted a risky special operation

Seyran Ohanyan: Parts of Armenian helicopter downed by Azerbaijan to be submitted for examination

Armenia confirms it will participate in Baku 2015 European Games, Patrick Hickey says

OSCE Minsk Group Co-Chairs' Nov 19 statement changed due to Azerbaijan's hysteria

Armenian Defense Ministry hints at big losses in Azerbaijani army due to special operation of NKR Special Forces

Armenia's banks have opportunity to expand their customer base in regions

Armenian Special Forces' actions excite admiration but they do not justify the criminal negligence of Armenian leadership, Artsakh war veteran says

NKR Defense Army Special Forces recover remains of downed Mi-24 helicopter crew

Minister advises Armenian jewelers to hire Indian diamond-cutters to enhance labor efficiency

In 2014 Armenia reduced imports of rough diamonds mostly due to decline in supplies to Russia

Karen Mirzoyan: Karabakh authorities have been taking all the necessary steps for returning of the bodies of the members of MI-24 crew

Every third resident of Armenia is "statistically" poor

Vahe Hakobyan dismissed from the position of the Head of Armenia's Water Management Committee

Ameria Management Advisory enlarges geography of its activities

David Babayan: James Warlick has de facto recognized the presence of a state border between Nagorno-Karabakh and Azerbaijan

MP from Armenian National Congress: Non-power parliamentary forces should be guided by statements of Ruben Hakobyan rather than Raffi Hovannisian

Raffi Hovannisian: Such a short distance between Armenian helicopter and Azeri positions raises numerous questions to Armenian command

Russian professor: Russia's political forces, starting from government officials to opposition, use xenophobic slogans

View from Moscow: Accession to Eurasian Economic Union will not increase number of Armenian citizens migrating to Russia

Expert: Developments in domestic political life of Armenia by no means comply with geopolitical processes in the world

France advocates returning Armenian pilots' bodies to Armenia

Russian professor: In case of the economic crisis growing, we have to expect much outflow of migrants from Russia

Political expert: Armenia has to choose between a maidan and a compromise with the opposition

Green activists again find violations at small hydro power plants (HPP) "Khachaghbyur-1" and "Khachaghbyur-2"

Surfactant saves lives of 135 premature babies in Armenia

Beelines supports repair of Artanish Cultural Center's roof

Stepanakert: Nagorny Karabakh Defense Army bears no relation to murder of Azerbaijani soldier

Head of Water Management Committee still performs his duties

Cooperation agreement between ACBA-CREDIT AGRICOLE BANK and VTB Bank (Armenia) opens up new opportunities for their cardholders

Azerbaijani Defense Ministry surprised at OSCE Minsk Group Co-Chairs' statement

Expert: Progress in Iran's nuclear talks with the West will not cause changes in its relations with the South Caucasus nations

Expert: Latest geopolitical shifts have given Iran good ground for active foreign political moves

Heritage Party discontented at decision of Parliament Commission for Foreign Affairs

Azerbaijan's parliament vice speaker qualifies OSCE MG co-chairs' statement as absurd

Armenia not to exchange Azeri raiders for bodies of three pilots of downed Armenian helicopter

Piano Battle in Yerevan: Germany's Piano Virtuosi Andreas Kern vs Paul Cibis

ACBA-Credit Agricole Bank, World Vision Armenia and Hayastan All Armenian Fund open Education Center in Gavar

OSCE co-chairs urge Azerbaijan to permit recovery of bodies of crew of shot-down Armenian helicopter

United States again uses just declarative phrases to comment on shooting down of Armenian helicopter by Azeris

Mass media: Robert Kocharyan and a group of oligarchs are going to repay Armenia's foreign debt

Armenian FM using all possible contacts to find out what has happened to crew of Armenian helicopter downed by Azeris

Tbilisi: Nothing is being done to reopen Abkhazian railway

Beeline and "Professionals" Foundation to cooperate under youth programs

First mobile bank in Armenia - mConverse - is already available for Converse Bank customers

PACE condemns Azerbaijan's use of prisoner transfer treaty in 'Safarov case'

Iran's Ambassador displeased with situation in Nagorno-Karabakh conflict zone

Nagorno-Karabakh conflict isn't resolved because of Baku's approaches

Expert: By its behavior Azerbaijan has launched an open challenge against international structures

Parliamentary opposition refuses to negotiate with Government

Armenian Minister of Energy: The fate of Nairit Plant will be decided within the next two months

  • by Arthur Yernjakyan

  • Thursday, July 10, 14:09

 The fate of Nairit Plant will be decided within the next two months, Armenian Minister of Energy and Natural Resources Yervand Zakharyan told ArmInfo when commenting on the July 10 action of protest. Over 100 employees of the Plant gathered near the building of the Armenian Government and demanding that the Plant should pay them the arrears of wages.

The minister said that arrears of wages have accumulated over the past 15 months and total about 5 billion drams. The total debt of the Plant is nearly 50 billion drams (about 130 million USD). Zakharyan stressed that at the moment the Ministry is discussing measures to overcome the current situation. "I think the fate of the Plant will be decided within the next 2 months", he said. 

To note, Armenian Prime Minister Hovik Abrahamyan invited the representatives of the Plant to a conversation. The results will be made public later.   
This is not the first action of protest held by Nairit employees. A similar action of protest was initiated on May 21 by the movement "Will". The founder of the movement, Artashes Avetisyan, urged everyone to join the fair demands of the Nairirt Plant employees to provide them with a job and to pay the arrears of wages.  "We don't need false promises of the authorities. Let them match words with deeds," Avetisyan said.

On 25 December 2013, Rosneft, L.L.C. PIRELLI Tyre Russia, and Rosneft Armenia signed a Memorandum of Understanding in Yerevan. The Memorandum envisages creation of a styrene-butadiene rubber (SBR) production joint venture in Armenia. The fixed assets of Nairit Plant and its principal shareholder Rhinoville Property Limited were transferred to Interbank as a result of non-redemption of a loan. The 70 mln USD loan was provided in 2006 against security of the Plant. The latter received the loan for 5 years, i.e. till late Dec 2011, at 12,5% p.a. The current debt of the Plant is $130 mln. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields
Video of the day
The task of special significance

More