STATE ENTERPRISES IN ARMENIA INFLICT DAMAGE TO COUNTRY RATHER THAN BRING PROFIT TO IT
ARMINFO News Agency
October 9, 2006 Monday
The state enterprises in Armenia inflict damage to the country rather
than bring profit to it.
The Armenian State Property Department press-service told ArmInfo that
the monitoring of 424 enterprises having government shares in the
second quarter of 2006 showed that 112 of these enterprises worked
with damage and the total volume of the damage caused was 1.868
billion drams. 277 enterprises worked with profit for the period
under review. The total profit made up 1.294 billion drams.
It is not the full picture of the activity of state enterprises.
1,039 enterprises are registered in Armenia in which the government’s
share is 50% and more. 153 of these enterprises are in the process
of liquidation. The others are monitored by the Ministry of Finance
and Economy of Armenia.