Newsfeed

No visa regime between Georgia and Armenia

Vahagn Hovnanyan: It is necessary to hold a protest action in front Russia's Embassy in Armenia to support Levon Hayrapetyan

Political expert: Growth of tension at the border is a regular ill-fated expression of complexes by Azerbaijan

James Warlick: The number of incidents and resulting deaths and injuries is also a setback in our efforts to work with parties to find a lasting peace

Lake Sevan is on the verge of environmental disaster

Life of the three persons injured in Kashatagh as a result of a landmine explosion is out of danger

EU welcomes ruling of Turkish Constitutional Court regarding investigation into the 2007 murder of Turkish- Armenian journalist Hrant Dink

Armavir mayor's car explodes in mine-studded territory of Kashatagh

Newspaper: Armenian oligarch's company worked in the shadow

Nagorno-Karabakh Police publish details of the case of Azeri saboteurs

Eastern Partnership countries cannot join European Union within the next 5 years

Expert: Decision to increase water release from Lake Sevan to 270 mln cu m is a shady transaction

RESO Insurance Company compensates for damage under hull insurance in 90.9% of cases

VTB Bank (Armenia) and Visa announce the launch of Summer with VTB campaign

Orange Foundation opens a Youth center in Chinari and a computer center in Zorakan in Tavush region

ICRC Yerevan Office holds negotiations to organize a meeting with Azeris detained in Armenian territory

Hakob Sanasaryan: Armenia has chosen the path of destroying its water resources

ICRC Yerevan Office maintains regular contacts with residents of borderline villages

Areximbank-Gazprombank Group's profit increases by 56.1% and capital grows to 21.9 bln AMD

Levon Ter-Petrosyan: the authorities of Armenia are going to replace the "carrot" of the PAP by the "stick"

Ankara has put forward a plan to form a free trade zone with the Customs Union

Ankara's wish to create free trade zone with Customs Union has a dim prospect for Armenia

Levon Ter-Petrosyan: The delay of Armenia's joining Eurasian Economic Union is conditioned by the demand of the EAEU to set a check point at the border to Nagornyy Karabakh

Levon Ter-Petrosyan: The reaction of the Armenian party at the Azerbaijani invasions is quite guarded and inadequate

Sharmazanov to Ter-Petrosyan: It is unacceptable to speculate the Karabakh issue for the political goals

The Golden Apricot Yerevan 11th International Film Festival has come to its end, the official website reports

Rostelecom services available in the center of Yerevan

RESO Insurance Company compensates for hailstorm-caused damage

Customer of VTB Bank (Armenia) wins a Peugeot 107 AT under a joint campaign with MasterCard

1005 residents of Nagorno-Karabakh sign an address on immediate release of Armenian businessman Levon Hayrapetyan

Ardshininvestbank cuts lombard credit and Nur Card Express rates

Nagorno-Karabakh Prosecutor General's Office: Smbat Tsakanyan was kidnapped and killed by Azeri saboteurs

Beeline and NURCARD launch new postpaid tariff plans

ACBA-Credit Agricole Bank's terminals switch to round-the-clock regime

Preparliament: Verdict against Volodya Avetisyan is the authorities' cynical gauntlet thrown against the Armenian society

Suren Babayan intends to shoot a new trilogy

Armen Martirosyan: Levon Hayrapetyan's arrest has either Azerbaijani or Armenian trace

Raffi Hovannisian: Arrest of Levon Hayrapetyan is politically motivated

Air Armenia leases Airbus 320

On July 20 Air Armenia will start flying to Moscow three times a day

Ivan Volynkin: Russia is not instigating anybody in Nagorno- Karabakh conflict

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

After arrest Levon Hayrapetyan's health condition has got worse

After arrest Levon Hayrapetyan's health condition has got worse

Armenia's Foreign Ministry gets more specific information about availability of Armenian citizens on board of the Malaysia Airlines passenger plane that crashed

A soldier of the NKR Defense Army dies

Nagorno-Karabakh war veteran: Armenian authorities will not get away with their unfair verdict against Volodya Avetisyan

Net profit of Ardshininvestbank amounts to AMD 2.8 billion outperforming last year's result by 36.2%

Head of Union of Armenians of Russia does not believe Levon Hayrapetyan's privity to economic crimes

Authorities have controversial opinions about creation of a committee to study the situation around Nairit Plant

  • by Tatevik Shahunyan

  • Tuesday, February 25, 16:28

The problems around Nairit Plant should be published but they should not be politicized, Armenian Minister of Energy and Nature Protection Armen Movsisyan said at today's parliamentary debates. He pointed out that Nairit was one of the industrial giants of Armenia during both Soviet and post-Soviet time. "Nairit has 2,500 employees. Of course, there are some problems.  They constantly say that the Government wants to drive the Plant to bankruptcy. If we wanted to do that, we would have done it 3-4 years ago, because we had all the prerequisites for that. We would have paid the salary arrears, which were much lower at that time. But we realize that the real value of the Plant is its employees, not the equipment", said Movsisyan.  

He thinks that ARF Dashnaktsutyun's proposal to set up an interim parliamentary commission to study the situation around Nairit is early because the Armenian Government is negotiating with Rosneft on implementation of a large-scale project on rehabilitation of Nairit Plant. "The creation of the interim parliamentary committee will hinder this process", the minister said. On the contrary, Speaker of Armenian Parliament Hovik Abrahamyan supported the idea of creation of the committee. Moreover, he assured that the committee will be set up before autumn 2014.      

To note, the idea to set up the interim parliamentary committee to study the situation around Nairit Plant belongs to ARF Dashnaktsutyun Party.  

To note, 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 over $130 mln. 

Armenian Prime Minister Tigran Sargsyan told journalists in Sochi that Rosneft is going to implement a USD 500 mln investment project in Armenia. 

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