Newsfeed

Environmentalists to protest against shooting of wolves

Armenian MP: Armenia has crossed the red line of economic security

"Grozniy-Avia" airline to launch Simferopol-Yerevan flight

Beeline launches "Unlimited Internet Super" service

ACBA-CREDIT AGRICOLE BANK opens new branch in Yerevan

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

  • by Arthur Yernjakyan

  • Friday, July 25, 01:06

 On July 24, the Armenian Government took a decision to transfer part of the assets of Nairit Plant and "Nairit-2" State Research Institute CJSC into the ownership of "Vorotan Hydro Cascade" CJSC.   

The draft decision was presented by Deputy Minister of Energy and Natural Resources of Armenia Levon Shahverdyan. He said that these enterprises' assets belong to the state-owned "Armgazprom" CJSC (which does not operate now) and are transferred against the 8.451 bln AMD debt. In particular, 53.27% of Nairit- 2's shares and 3,5967% of Nairit Plant's shares will be transferred to Vorotan Hydro Cascade at the balance cost of 7.320 bln AMD and 983.4 mln AMD, respectively. 

To note, "Vorotan Hydro Cascade" CJSC is being sold to Contour Global (USA). 

The Government of Armenia also decided to repay the debit debts to the Armenian Defense Ministry by transferring the assets of the Tekh-Stepanakert gas pipeline between Armenia and Nagorno-Karabakh, as well as 46.73% of "Nairit-2" CJSC's shares. 

"Armgazprom" CJSC was founded in 1998. Later the company's assets and gas transmission infrastructure were transferred to "ArmRusgasprom" CJSC, currently Gazprom Armenia, and the debts remained on Armgazprom's balance-sheet. 

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