Eduard Sharmazanov to Robert Kocharyan: Who founded the evil system the second president is speaking about?

WWF: Small-scale HPPs in Armenia do not prove their worth

Robert Kocharyan: Constitutional reforms to have rather dangerous consequences for future of Armenia

Israeli expert: Tel Aviv always acts with due regard for its own interests

Israeli expert: Tension in Karabakh conflict zone to subside following parliamentary elections in Azerbaijan

RPA dissatisfied with OSCE Minsk Group's statements on Karabakh conflict

Levon Zurabyan urges Armenian President to put off constitutional reforms

As many as 18 protesters, including MP Aram Manukyan, detained

Parliament of Armenia passes draft amendments to Constitution of Armenia with 104 votes

Views from Moscow: Those who think Russia is interested in Karabakh conflict should "disappoint" Russia with mutual concessions and conflict settlement

Situation outside Armenian Parliament growing tense

Gianni Buquicchio says Constitutional amendments of Armenia drafted in line with Venice Commission recommendations

Edward Nalbandian: Karabakh conflict should be resolved within OSCE MG format

NKR Defense Ministry: Azerbaijan breached ceasefire for over 150 times over weekend

Kazakhstan's plenipotentiary at CSTO says Collective Peacekeeping Force exercises have demonstrated high training ratio of officers

Seyran Ohanyan: Tasks of The "Indestructible Brotherhood-2015" military exercise for the CSTO Collective Peacekeeping Forces successfully implemented

Naira Zohrabyan reminds Azerbaijan of demolition of Armenian khachkars in Old Jugha

Bordyuzha urges CSTO peacekeepers to be ready for combat tasks

Newspaper: Azerbaijani foreign minister's statement about possible accession to EEU has been misinterpreted

Charitable football match between journalists and bank employees with Youri Djorkaeff's participation raises 1 million AMD

Aram Manukyan: Remembering communist times, Serzh Sargsyan decided to become committee secretary

Settlement of conflicts in South Caucasus to become one of priorities for Germany's OSCE chairmanship

German ambassador to Armenia evades "genocide" term when speaking of events of 1915

Aghasi Yenokyan: Azerbaijan wants to seize a piece of Karabakh land with Russia's help

Aliona Stratan: VTB (Armenia) revises its “risk appetite” and reorganizes business processes

Diplomat: Germany concerned over tension escalation in Karabakh conflict zone

Questions about release of Syunik governor's son remain unanswered

Armenian armed forces prevent one more Azerbaijani sabotage attack

Forecast: Syria faces no prospect of "second Afghanistan"

Forecast: Russia's military operations in Syria pursue one thing - not to let Assad's regime fall

Armenian Prime-Minister thanks Tashir Group for purchasing country's energy assets

Artsakh war veteran provides evidences that Ruben Hayrapetyan threatened him with reprisals

Vache Gabrielyan: The first phase of survey shows that electricity tariff growth in Armenia is substantiated

Lawyer: Syunik governor's son released, with no new measure of restraint chosen

European investors express willingness to elaborate a program on rehabilitation and commissioning of Nairit Plant

  • by Arthur Yernjakyan

  • Tuesday, June 24, 17:24

On June 23, European entrepreneurs and investors visited the idle Nairit Plant in Armenia and expressed their willingness to elaborate a program on rehabilitation and commissioning of the Plant, reports the Forum of Armenian Associations of Europe (FAAE), which organized the Europeans' visit to Armenia.     

The European delegation included experts specializing in rehabilitation and management of crisis-affected enterprises. The specialists got acquainted with the situation at the Plant and decided to work out a program for rehabilitation and commissioning of the Nairit Plant. The idea arose after the Armenian state officials directly stated that they "were washing hands" of Nairit and leaving it to Moscow's discretion. 

FAAE President Ashot Grigorian said that such a behavior of the Armenian Government demonstrates that the officials feel no responsibility for their country.
Earlier the Armenian officials were reliant on Rosneft (Russia), which was going to invest in Nairit Plant.  However, the Russians' interest has exhausted after long negotiations. In addition, Rosneft and Pirelli (Italy) have recently signed a Memorandum of Understanding on production and delivery of synthetic rubber to Nakhodka (Far East). Moreover, Pirelli has a distributor in Armenia, which sells the Italian manufacturers' tires.        

In 2006 90% of Nairit's shares were sold to Rhinoville Property Limited for 40 million USD, with the remaining 10% belonging to the Government of Armenia. In April 2010 the production at the plant was stopped. The Plant's shares are pawned and the Plant is undergoing legal proceedings.

Send to a friend

To (e-mail)

Your name



View comments (0)

Be first to comment on this article

* Indicates required fields