In 6-8 months, 50 million out of the approximately 400 million dollars in financial obligations of the HEC has been prematurely settled, according to Petrosyan.
In 6-8 months, 50 million out of the approximately 400 million dollars in financial obligations of the HEC has been prematurely settled, according to Petrosyan.
08-07-2026 11:32 Armenia Economy
Armenian Time. The temporary manager of HEC, Romanos Petrosyan, has made a new post on his social media page regarding HEC's credit obligations.
«I declare directly and responsibly. In the first 6-8 months of the temporary management of HEC, we have managed to prematurely and systematically repay loans equivalent to about $50 million from the nearly $400 million financial obligations of HEC, as the owners and their directly or indirectly related circles have failed to carry out a number of financial apparent machinations, purchases of overpriced goods and services, and monopolistic supplies carried out for years through other companies owned exclusively by themselves and their close ones, thus «removing» that $50 million from HEC and «misappropriating» it…
Regarding the numerous naked, fictitious, and unfounded assessments made by the current owner of HEC the day before, I will address them later with specific numbers and facts»,- it is stated in the post.
* This text was automatically translated by Artificial Intelligence (AI).
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