ARKA News Agency – 08/10/2004

ARKA News Agency
Aug 10 2004

CBA Board makes a decision to leave the rate on repo-agreements
unchanged from -at 5% per annum

OSS Zvezda: the information about the planned meeting of the main
share holders of telecommunications provider OSS Zvezda with the RA
President Kocharian is not true

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CBA BOARD MAKES A DECISION TO LEAVE THE RATE ON REPO-AGREEMENTS
UNCHANGED FROM -AT 5% PER ANNUM

YEREVAN, August 9. /ARKA/. On today’s session the Board of Central
Bank of Armenia made a decision to leave the rate on repo-agreements
unchanged – at 5% per annum. According to the CBA Press Service
Department, the rates of pawn credits and attracted deposits also
remained unchanged – 20% and 1% per annum, correspondingly. A.H.
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OSS ZVEZDA: THE INFORMATION ABOUT THE PLANNED MEETING OF THE MAIN
SHARE HOLDERS OF TELECOMMUNICATIONS PROVIDER OSS ZVEZDA WITH THE RA
PRESIDENT KOCHARIAN IS NOT TRUE

YEREVAN, August 10. /ARKA/. The information about the planned meeting
of the main share holders of telecommunications provider OSS Zvezda
with the RA President Kocharian, disseminated by Iravunk newspaper is
not true, according to OSS Zvezda press service department, which
reminds that the only reliable source of information is the
administration of the company, and all other sources are not true.
Ā«We ask to apply not to Ā«information sourcesĀ», but to the company
itself. In case of the continuation of such publications (that we
consider a provocation against our company), they will be subject to
legal considerationĀ», according to the press -release of the company.

According to today’s publication of Iravunk, referring to informed
sources, in the end of August the main share holders of the company
will arrive in Armenia and meet RA President Kocharian. According to
the source, the President has a quite favorable attitude towards OSS
Zvezda. One of the reasons is the active lobbing of the company’s
programs by Russia, in particular by the Defence Ministry of RF.
Armenian-Russian JV OSS Zvezda was registered in Armenia on September
24, 2001. The founders of the JV are both juridical entities and
individuals from some foreign countries, including Russia (Komin LLC
and LanRusinvest OJSC), as well as the residents of RA. The system of
Zvezda (OSS Zvezda) includes over 100 nets of IP communication and
paging all over the world. A.H.–0 –