Newsfeed

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Russian Embassy in Armenia gives a harsh response to the U.S. Embassy

Participants in Beeline's Fortune drawing campaign awarded prizes

Yerevan-Sevan-Ijevan-Azeri border highway to be open in late August

Armenian FM: Through its destructive stance Azerbaijan hinders the Nagorno-Karabakh peace progress

Up to 45% of Armenian citizens are potential emigrants

US Embassy urges Armenian businessmen to refrain from contacts with Russian companies

A leopard family in the south of Armenia gives birth to two cubs

Two Armenian soldiers die because of the Azerbaijani sabotage attack at the line of contact

Human rights activist Leyla and Arif Yunus are accused of secret collaboration with Armenian special services

Member-churches of World Council of Churches going to recognize Armenian Genocide in 2015

NKR foreign minister: Nagorno-Karabakh is where Europe begins

On Aug 2 South Caucasus Railway's commuter trains will be free of charge all over Armenia

Worker killed by a rock fall at perlite deposit in Aragatsavan

Azeris continue firing at Armenia's borderline villages

Serzh Sargsyan: OSCE Minsk Group has suggested principles that can serve as pivot for settling Nagorno-Karabakh conflict

Paruyr Hayrikyan: Armenia and Ukraine have a common "frenemy" in the person of Russia

Electric Networks of Armenia is going to dispute Public Services Regulatory Commission's decision to impose a 15mln AMD fine on it

Economist: In face of economic sanctions against Russia, it is necessary to speed up the process for creating Eurasian Economic Union

Economist: The West's sanctions against Russia will affect the Armenian economy

Rostelecom launches online payment service

Public Services Regulatory Commission of Armenia imposes a 15mln AMD fine on Electric Networks of Armenia

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Ashot Manuicharyan: Armenian President's function is to answer "yes, sir!" and to go do it

Deputy Prime Minister of Azerbaijan criticizes the ICRC again

Nature protection minister charges to resolve problems of several tailing dumps on Syunik region

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

RPA member: Nagorno-Karabakh Prime Minister's statement had no message to negotiators

Ashot Manucharyan: Armenia may face chaos or isolation at any moment

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Nairit Plant employees mull another action of protest

  • by Alexandr Avanesov

  • Monday, May 19, 11:44

Nairit Plant employees plan another action of protest for 21 May demanding the Plant to pay arrears of wages. The Movement "Will" is the initiator of the protest action.

The founder of the Movement Artashes Avetisyan urges everyone to join the fair demands of the Nairirt Plant employees to provide them with work and to pay arrears of wages.  "We don't need false promises of the authorities. Let them match words with deeds," Avetisyan says.
Earlier on 12 February, now ex-Minister of Energy and Natural Resources Armen Movsisyan promised that the Plant's destiny will shortly be decided due to Rosneft's efforts.  According to ArmInfo's information, Rosneft has expressed an intention to build a new rubber plant instead of upgrading the current plant and repaying its debts. It is not ruled out that part of the Nairit specialists will be employed at the new plant.   

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.

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