Newsfeed

4-5-point earthquake registered in north of Armenia

PSRC invites international advisory companies to assess energy system of Armenia and take part in elaboration of a strategic program for 2016-2036

Yezidis of Armenia think constitutional reforms are inexpedient

Beeline launches "Roaming Packages" service

Charges filed against Syunik governor's son

Ambassador of Iran: Armenia might Become a Corridor between Persian Gulf and Black Sea

Seyran Ohanyan: The Armenian Army was and will keep on fulfilling its task on defense and security of the own nation

Ankara Responding to Belgium's Recognition of Armenian Genocide

Hakob Chakryan: The "black days" of Ankara are just starting

VTB Bank (Armenia) Offering 1.8-mln-AMD worth Student Loans

"Lydian International": Possible Environmental and Social Impacts of Amulsar Gold Project

Expert: Turkey-IS confrontation is a result of Ankara-Washington deal

GALLUP: 46% of Armenian Citizens Deem Constitutional Reforms in Armenia Necessary

Armenian Public Council approves "Armenia" International Airports CJSC's proposal to preserve central tower of Zvartnots Airport's old building

Successful inaugural bond issue listing on Vienna Stock Exchange encourages Ardshinbank to launch another bigger issue on Irish Stock Exchange

Following Constitutional Referendum: “saying party we imply…”

Beeline to complete digitization of landline network in Ijevan by 15 Oct 2015

Rostelecom and Abovyan sign a Memorandum of Understanding

Foreign air carriers' representatives in Armenia do not intend to reduce ticket prices

Regional

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


Message


Comments

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

Be first to comment on this article

* Indicates required fields