OWNER DELIBERATELY DOES NOT RELAUNCH VANADZOR CHEMICAL<br /> COMPLEX, DEPUTY VAHRAM BAGHDASARIAN SAYS<br />


OWNER DELIBERATELY DOES NOT RELAUNCH VANADZOR CHEMICAL
COMPLEX, DEPUTY VAHRAM BAGHDASARIAN SAYS

  • 05-10-2006 18:05:00   | Armenia  |  Economy
YEREVAN, OCTOBER 5, NOYAN TAPAN. The current owner deliberately does nor relaunch the Vanadzor Chemical Complex, member of the People's Deputy group Vahram Baghdasarian stated in the RA National Assembly on October 4. According to him, for years on end Prometey-Chimprom (Russia) has deliberately delayed negotiations with various companies on sale of the enterprise. Meanwhile, various units of equipment have been constantly alienated which will make it impossible for the enterprise to operate in future. Some workshops can still manufacture production, particularly, the melamine and carbide workshops and the chemical fibre plant, whose production is in demand. Besides, according to the deputy, even now about three thousand jobs can be created at the enterprise. V. Baghdasarin said that some workshops operated before February 2006, but their operation was discontinued in connection with the envisaged sale negotiations. At the moment the complex has a debt of nearly 7 million USD which is growing day after day. In response to a question of the deputy, RA Prime Minister Andranik Margarian said that the complex has been privatized, so the government is not empowered to make its owner sell it or otherwise decide its fate. In the personal opinion of the NA Vice Speaker Vahan Hovhannisian, the government may impose such taxes on the enterprise that will make the owner either sell it or operate it again.
  -   Economy