Natalia Sarjanyan, Spokesperson for ENA CJSC, told ArmInfo Electric Networks of Armenia CJSC has filed petitions for bankruptcy of such companies as Vanadzor Chemical Industry CJSC that owes 1.429 billion drams to ENA, Nairit Plant CJSC - 1.060 billion drams, Glendale Hills CJSC - 121 million drams. Among ENA's debtors also such companies as Hrazdan Cement CJSC (over 404 million drams), Garni Drinking Water Company (467 million drams), Dzoraghbyur Drinking Water Company (32.6 million drams).
The list of those who seek to buy the Electric Networks of Armenia (ENA) is getting bigger, Zhamanak ("Time") newspaper says, citing sources close to the Armenian authorities.
The re-launch and the operation of Nairit Plant are inexpedient and one of the reasons is the high gas and electricity tariffs in Armenia, unlike the countries producing competitive products. This is the conclusion of the experts who have conducted a World Bank- funded survey. The experts' report was made public a few days ago, Haykakan Zhamanak (Armenian Time) daily says.
Inter RAO UES refutes reports on Company's negotiations for sale of Electric Networks of Armenia (ENA). "We are not holding any negotiations at the moment," the Company's official representative told Interfax.
EBRD Office confirms that it has not filed a claim against Electric Networks of Armenia CJSC for early loan repayment. EBRD Yerevan Office confirms ArmInfo's earlier reports that Electric Networks of Armenia (subsidiary of Inter RAO UES) has never had any overdue debt to the EBRD, and, consequently, it has entered no trials with the Bank.
Audit of Electric Networks of Armenia (ENA) may take 3-6 months, David Haroutiunyan, Minister-Chief of the Government Staff, said on Armenian TV.
Electric Networks of Armenia CJSC as well as the Public Services Regulatory Committee will undergo international audit, Vache Gabrielyan, Deputy Prime Minister - Minister of International Economic Integration and Reform, said on the Public Television of Armenia.
Georgian Airzena Airlines will resume Tbilisi-Yerevan- Tbilisi flights starting June 29, informs "Novosti Gruzia". Flights will take place 4 times per week. The fare price starts from 55 EUR. The Armenia-Georgia air connection was suspended in 2011. Back in the day Armavia Armenian Airlines conditioned the suspension by the low cost-effectiveness of the itinerary in winter.
Since 2007, Geoteam CJSC has invested $2.1 million in corporate social responsibility programs on the margins of the Amulsar project. The gold extraction in Amulsar has not yet started; however, Geoteam is already implementing its projects aimed at promoting education, sports, culture, infrastructure and agriculture in Gorayk, Jermuk, Saravan and Gndevaz communities adjacent to Amulsar.
The Iran-Armenia railway and motorway are two unrelated projects, First Deputy Minister of Transport and Communications of Armenia Arthur Arakelyan said in the parliament on June 22 in response to the question by MP Tevan Poghosyan as to whether the railway is necessary considering that a motorway connecting the two countries is currently being built.
National Assembly of Armenia has ratified the investment program on re-treatment of the tailings of the Zangezur Copper Molybdenum Combine (ZCMC) in the second reading on June 22.
Armenia has no real alternative to the Nuclear Power Plant (NPP). So, the NPP operation will be continued, Areg Galstyan, Armenian Deputy Minister of Energy and Natural Resources, said during the NATO Parliamentary Assembly's Rose-Roth Seminar in Yerevan on June 20.
The non-involvement of Armenia in the regional energy projects is destabilizing the situation in the South Caucasus, Tracy German, expert at King's College, London, said during the NATO Parliamentary Assembly's Rose-Roth Seminar in Yerevan on June 20.
Armenian Deputy Minister of Energy and Natural Resources Areg Galstyan thinks that the demands of the "No to Robbery!" civic initiative are groundless.
Contour Global Hydro Cascade (U.S.) has been granted a license to run the Vorotan Cascade of HPPs for 25 years. The relevant decision was taken at today's meeting of the Public Services Regulatory Commission of Armenia (PSRC).
"Electric Networks of Armenia" (ENA) CJSC has never had any debt arrears to the European Bank for Reconstruction and Development (EBRD). Consequently, the EBRD has never sued the ENA, Natalya K.Sarjanyan, Head of the Department for Media and Public Relations at ENA CJSC, has told ArmInfo, when commenting on the Armenian media reports.
It is necessary to immediately stop the "open skies" policy in Armenia, Dmitry Atbashyan, Head of the Civil Aviation Department of the Nagorno-Karabakh Government, has told ArmInfo.
If Armenia does not enhance generating capacities through thermal energy in the coming 3-4 years the country will face serious shortages of energy, Laura E. Bailey, the Country Manager for Armenia, Europe and Central Asia, said during the June 16 press conference when presenting World Bank experts' report on energy field situation in Armenia.
Due to the state support to export, Armenia has tangibly increased fish production and export, Armenian Minister of Agriculture Sergo Karapetyan said at a regional three-day workshop on fish breeding problems. The workshop kicked off in Yerevan on June 16.
The South Caucasus Railway Company's "Armenia" train running Yerevan-Batumi-Yerevan left on 15 June opening the summer season of passenger transportation.
Russian side's comments on the Armenia-Iran railway construction speak for the stance of a private company, not the Russian Federation itself, Suren Karayan, first deputy minister of International Economic Integration and Reforms, said on June 15 at National Assembly commenting on "Heritage" faction deputy Zaruhi Postanjyan's statement on RA partner Russia's obstacles regarding Armenia's entry into international markets, including the EEU ones.
Talking to reports on June 15, Safaryan said reactivation of the Armenian plant is not in favor of the World Bank, as it donor countries - USA, Germany, France, and Japan - have rubber producing plants and do not need another competitor - Nairit Plant.
On May 8, Electric Networks of Armenia (ENA) CJSC submitted an official application to the Public Services Regulatory Commission (PSRC) of Armenia to raise the electric power tariffs, which sparked public protests. ENA Director General Yevgeny Bibin about the reasons why ENA seeks to raise the energy costs and about the situation at the company at large.
Minister of Energy and Natural Resources of Armenia Yervand Zakharyan met with the former employees of the Nairit Plant who were picketing the Government building on June 9. The minister promised to pay the arrears of wages by late July 2015.
According to the Government press-office, Minister of Energy and Natural Resources of Armenia Yervand Zakharyan, Director General of the Vorotan Cascade of HPPs Sasun Khachatryan as well as the authorized representative of Contour Global Hydro Cascade and ContourGlobal Terra Holdings - Executive Officer of CG Solutions Global Holding Company Joseph Brandt.
Yerevan-based Nairit Plant as government members abuse their powers, Levon Zurabyan, the head of the Armenian National Congress (ANC) opposition faction in the Parliament said addressing Attorney General Gevorg Kostanyan in the Parliament on June 8.
Iran-Armenia railway project is completely inefficient, says Vladimir Yakunin, the President of the Russian Railways OJSC in response to ArmInfo's question as to whether it is reasonable to build the railway. Yakunin is sure the project is absolutely unpromising: "it is like opening a window to nowhere, to the wall of the neighboring building."
Sale of the Meghri-Kajaran section of the Iran-Armenia gas pipeline and all the deals on sale of other energy utilities under Serzh Sargsyan and Robert Kocharyan is high treason, says the Founding Parliament (FP) movement in a statement.
Interview with Timur Suleymanov, Eurasian Economic Commission Board Member-Minister of Economy and Financial Policy
Russian Inter RAO UES of Armenia, the parent company of Electric Networks of Armenia, has published a report saying the company's profits from the Armenian segment has totaled 5.7 billion rubles for the current year versus 3.4 billion rubles of the previous year. According to the report, the profits of Inter RAO UES's Armenian subsidiary grew 65.3%.
The world-known French garment producer Saint James. TecSom commercial textile floor covering provider, Biogenie Aesthetics & Electrolysis, and winemaker Group Valentim seek business partners in Armenia, says Anna Hakobyan, Business France representative, who organized a business tour for the representatives of the given brands.
TITLE: Russian – English Translator LOCATION: Yerevan, Armenia EMPLOYMENT TYPE: Part-time JOB DESCRIPTION: ArmInfo News Agency is looking for a Russian-English translator to work evening shifts. Graduates are encouraged to apply. APPLICATION DEADLINE: 15 July 2015 PROBATIONARY STATUS: at least 1 month depending on the progress