Month: July 2007

FOREIGN INVESTORS TOOK THE FANCY OF IMMOVABLES, BANKS AND ENERGY IN ARMENIA
Narine Kirakosyan

ArmInfo, May 22, 2007.
2007-07-03 12:11:00

Interview of Head of the Department of Consulting Services of ‘Ameria’
Company Gagik Sahakyan

If the Armenian entrepreneurs, having a business-project, used to
apply for professional consultation at the end of 90s for attraction
of investments, today they apply for advise regarding increase of
productivity of investments in economy and profitability of their
business. As the saying goes," contribution demands wit" and investors
often apply for this "wit" to "Ameria", the leading company in the
market of consulting services in Armenia. "Ameria" specializes in four
main spheres of professional activity: managerial consulting; audit;
accounting and tax consulting; juridical consulting; investment and
banking services.

Head of the Department of Consulting Services of "Ameria" Company
Gagik Sahakyan kindly agreed to answer a number of questions of
ArmInfo correspondent.

Mr Sahakyan , your company, founded in 1998, has soon become the
leader in the Armenian market of consulting services. You introduced
the international experience in this sphere and showed understanding
of the local peculiarities during solution of complex problems in
more than 30 spheres of economy and public activity. What is the
evolution of consulting services over the last years?

In 1998-2000, we were more addressed a request to find investors. The
entrepreneurs had ideas, however, the political-economic situation
of those years was accompanied by lots of financial problems, which
had to be solved.

Our specialists also assisted in developing a strategic plan of
development, directed to potential investors. Then they started
addressing more for support during restructurization of production,
i.e. when it is necessary to determine the points of "increased danger"
in the business system, reveal the inner reserves of the enterprise,
enhance its investment attractiveness. Then, the domestic enterprises,
which lost the external markets, had to find new target markets,
for which our specialists examined the market demands. In addition,
if the market was free for almost all the business undertakings in
the midst-end, 90s, now big competition exist in the market and our
clients seek for the ways of competitiveness increase.

However, evolutional development exists here as well. For example, at
the end of 90s, we advised the Armenian entrepreneurs on processing
of agricultural production, who lost the market, to refuse from
production in glass container, aimed at the final consumer, and
start production of concentrated juice, tomato and other products
in big aseptic barrels aimed at industrial consumers. This saved the
companies’ resources and allowed entering the international markets
with confidence. However, now, when the financial state is stable and
upgrading is completed, we advise again to switch over to production
aimed at the final user. Although it requires considerable marketing
efforts but enables to work in more profitable segments. Today,
the business development evolution has reached the level when the
majority of our clients address us for the purpose of increasing
efficiency of their business processes. This includes optimization
of organizational and functional structures of companies, development
and implementation of informational control systems, etc.

What sphere do the investors prefer today to invest money in?

The investors are greatly interested in developer projects. Of course,
initially, the investors wish to study the financial peculiarities in
the area of construction of the housing real estate, its profitability
and the possible concomitant risks. The agricultural and processing
sectors, which need enlargement of technological opportunities,
also regenerate. At the same time, unfortunately, the textile and
engineering industries are in crisis. The facilities of metal mining
industry remain rather demanded for investments. It is pleasant to
note that despite the positive conjuncture in external markets,
the majority of companies, which exploit the large deposits, are
guided by experience of the efficient foreign management and attract
qualitative resources as to increase efficiency of the processes.

Some interest is also observed in the area of information technologies.

You render consultations in the banking sphere as well. It would be
interesting to know your assessment of the situation.

I would characterize the situation in the banking system of Armenia as
stable with all the pluses and minuses typical to this stability. In
fact, we have a rather predictable banking system, a relative security
of investments, low inflation level, on one hand. On the other hand,
most of the banks are passive in their investment activity, that
negatively affects potential development of the industry. Here, we
lag behind many countries, including the CIS developing countries. For
example, the situation in Georgia in this aspect has radically changed
over the last years. The banking system here develops more rapidly. I
think the point is that the key free resources of the banking system
are mainly concentrated on the building and development projects where
the level of risk is more predictable than in industry. However, I
am sure that investments in the banking sphere will grow and lead to
diversification of the banking services and use of new technologies
that, in its turn, will cause toughening of competition and natural
strive for broadening of the client base via a literate and more
aggressive policy.

There are foreign investments in the energy sphere of Armenia,
especially in the small energy. This is a profitable sphere for
investors. Why the energy prices are so high in Armenia?

The power generation in Armenia is carried out by three main sources
and the prime cost of each of them vastly differs. The hydropower
plants assure 20% of the total energy output, the nuclear power
plant generates the cheapest electric power and assures 40% of the
demand. The heat power plants generate the same volume of power and
the prime cost of each kW makes up more than 3 cents. I think our
electric power prices are not so high taking into account that 1 kW
at night costs 15 drams and 25 drams in daytime. This is a fair price
which allows the energy-generating plants to gain rational profit
and attract new investments for upgrading of plants and construction
of new powers. Moreover, it should be noted that the policy of
tariffs especially stimulates investments in the renewable energy
resources. The investment activity, observed in the sphere of HPP,
is stipulated for this fact, especially as the operational life of
Hrazdan hydropower plant ends in 2017, and that of Metsamor Nuclear
Power Plant ends a year earlier. Construction of new NPP is undecided,
especially since this project is very expensive.

Therefore, the extensive network of HPP may become a partial
alternative to it.

At last, can you comment on the prospects of development of tourist
business in Armenia?

If the matter concerns the tourism development as such, it is
necessary to get concentrated on the directions of the sphere where
the investments may give results. You see, there are prerequisites
for the religious tourism development, there is an extreme or an
echo-tourism, which may and must be developed in Armenia. Having all
the resources – historical and cultural objects – one could develop
a tourist infrastructure meeting the international standards. For
example, one could design places for souvenir-trade, small hotels,
restaurants and other infrastructures with attraction of designers and
landscape architects, taking into account the opinion of the Church.

At the same time, the tourists are attracted not only by sightseeing,
but the rest and entertaining programmes as well. As for the resort
town of Tsakhkadzor, one cannot say that it has become a resort. Here
the main problem is not the absence of investments but of a concept
according to which this area is developed. The investors made great
contributions where and how they liked, however, in most of cases,
the resort development logic was not taken into account during the
hotel construction. High prices in the hotels is another problem to
be fortunately solved by the market. High prices seem to dictate
high-level service. In fact, the service in these hotels should
pass a long way to meet the international standards. In a nutshell,
Tsakhkadzor has no style that is typical to a mountain-ski resort,
and this omission should be completed if the investors wish to repay
their expenses and the state – to stimulate development of a definite
niche in tourism.

EVERY YEAR 15% OF ARMENIAN POPULATION ARE INVOLVED INTO LABOUR MIGRATION

arminfo
2007-07-03 23:05:00

Every year 15% of the Armenian population are involved into labour
migration, Head of the Armenian Ministry of Territorial Administration
Agency for Migration Gagik Yeganyan told journalists, Tuesday.

At the same time, he said over the last 3 years, positive migration
balance is observed in Armenia. Moreover, the number of persons
voluntarily returning to the motherland annually rises by 20-25%.

Thus, G. Yeganyan said mass migration period is over. However,
the Government still has a number of current tasks to settle. It
is necessary to bring the migration legislation of the country in
accordance with relevant international standards. Under the programme
of contribution to migration policy formation in Armenia "Return to
Armenia," migration legislation will be improved through analysis and
assessment. G. Yeganyan said that in 2007, experts of the programme
will render technical assistance to drafting laws On Refuge and On
Organisation of Outside Service.

To recall, a regular discussion of the programme "Return to Armenia"
was held in Yerevan, Tuesday, with participation of a number
of departments and establishments of the country. The programme
is implemented by combined efforts of the British Council, the
International Center for Human Development and Armenian Ministry of
Territorial Administration.

ECOLOGICAL SYSTEM OF UNIQUE HIGHLAND LAKE GOSH IS DETERIORATING

arminfo
2007-07-02 23:05:00

The ecological system of highland Lake Gosh has seriously changed
in the last years, the director of Burg youth ecological NGO Arman
Vermishyan says in an interview to ArmInfo.

He says that the survey of this lake, situated in Dilijan national
park, has detected a big quantity of organic matters. In fact, the
lake is in a state of eutrophy. "Formerly, you would see several rare
species of birds and leeches here. Today, they have all gone, with only
crayfish and carp still surviving and horn-weed thriving in the area.

Horn-weed has already covered the greater part of the lake and is
stimulating its eutrophication," says Vermishyan. "Presently, we
are working with the Bio-Resources Management Agency and the Dilijan
national park on a pilot project to fight the horn-weed and to save
the lake. The project is based on the international lake cleanup
experience," says Vermishyan.

The project has been launched in 2006. It is sponsored by Earth Watch
Institute and a number of employees of HSBC Bank Armenia. The total
cost of the project 2.917 EUR.

From: Emil Lazarian | Ararat NewsPress

SLAIN JOURNALIST’S LAWYERS WELCOME COURT’S HANDLING OF CASE

Agence France Presse — English
July 3, 2007 Tuesday 1:05 PM GMT

Lawyers of the family of slain Turkish-Armenian journalist Hrant Dink
voiced hope Tuesday that the court handling the case would dig deeper
into the murder and uncover the alleged role of security officials.

The legal team has been pushing for months — so far without success
— for the indictment of security officials on the grounds that the
police knew as early as 2006 of plans to kill Dink, but failed to
act in what it says was "almost an intentional negligence."

The 52-year-old Dink, a prominent member of Turkey’s tiny Armenian
minority, was gunned down on January 19 in a busy Istanbul street.

"We asked the court to expand the investigation… and collect evidence
in various fields," attorney Fethiye Cetin said of the first hearing
in the trial of 18 suspects, which began behind closed doors Monday.

"The court accepted our demands," she said. "We think this is a
positive attitude."

The three key defendants, all from the northern city of Trabzon, are
the self-confessed hitman, 17-year-old Ogun Samast, and the alleged
ultra-nationalist masterminds of the assassination, Yasin Hayal and
Erhan Tuncel, both 26.

The indictment says Tuncel was a police informer who twice told
officials last year that Hayal was plotting to kill Dink, but
deliberately concealed the fact that someone else would pull the
trigger because Tuncel himself was part of the plot.

Hayal was no stranger to the police either: he had served 11 months for
the 2004 bombing in Trabzon of a McDonald’s restaurant, in which six
people were injured, to protest against the US-led invasion of Iraq.

Cetin maintained that Hayal and Tuncel’s testimonies before the court
Monday "confirmed that the state is responsible for this murder."

The trial is held behind closed doors because the alleged gunman is
a minor.

Although Dink campaigned for reconciliation, nationalists hated him
for calling the massacres of Armenians under Ottoman rule during
World War I genocide, a label that Turkey fiercely rejects.

He had written in his bilingual weekly Agos about receiving death
threats, but the authorities failed to take measures to grant him
special protection.

Trabzon’s governor and police chief were removed from office after the
murder. Several policemen were suspended after a leaked video showed
them posing with Samast for "souvenir pictures" following his capture.

But no official has faced judicial action so far.

AGREEMENT ON THE INTERNATIONAL STATUS OF KARABAKH WILL WEAKEN THE REAL SOVEREIGNTY
Vahan Arzumanyan

KarabakhOpen
03-07-2007 11:49:34

The Armenian politicians are voicing the idea of territorial and
other concessions to Azerbaijan in return for the possibility of
recognition of Karabakh more often and more vigorously. They present
the recognition of independence, even though a promised one, as an
imperative which has no alternative, and is said to have an importance
that is equal to the concessions of Armenia. Is it so?

We know that the plan of resolution involves DELAYED AGREEMENT ON
STATUS (two uncertainties in one sentence, "delayed" and "agreement
on status") in return for quite definite: 1. return of 7 territories
except the "Lachin corridor" the size and status of which will be
agreed later; 2. return of Azerbaijani refugees (only Azerbaijani);
3. deployment of international peace keeping force at the line of
contact of Azerbaijan and Armenia.

The mediators refer to the first two points as basic, the Armenian
politicians add "only in return for independence" and, in fact,
agree. Let us view the consequences of these concessions.

Military consequences

1. The front line becomes almost twice as longer. In addition, the new
positions will be vulnerable due to the lack of defense installations
and roads. More human, military and engineering resources will
be needed to enhance defense of the border. Army expenditure will
increase 3 to 4 times.

The extension of the front line will make the Karabakh force less
concentrated, which will weaken the defense of the front line.

2. If military actions start, it will be a major problem to defend the
narrow Lachin corridor from the enemy attacking from both sides. In
addition, the enemy need not seize it. It can use missiles, air
force and terror to block the Lachin corridor imposing a blockade
on Karabakh.

3. The return of Zangelan, Jebrail and Fizuli will shift the front
line to the Armenian region of Meghri, posing threat to this region
with vulnerable defense which has a 40 km width and the only road
is Meghri-Kapan.

4. The return of Karvachar will allow Azerbaijan to control the water
resources of Karabakh, threaten water supply of Karabakh, pose risk of
water terror. Besides, the region of Martakert will become vulnerable
to possible attacks from three directions. The road Martakert-Vartenis
will be blocked, which has a strategic importance.

5. Moving the front line closer to the heart of Karabakh will bring
Martakert, Askeran and Hadrut closer to the front line by 5 km,
Stepanakert by 18 km. Not only most areas of Artsakh but also the
Armenian region of Syunik (the cities of Goris and Kapan) will
appear within the range of Azerbaijani missiles. If a new war is
sparked, sudden shelling of populated areas will kill a huge number
of civilians, which will lead to migration, panic and demoralization.

6. Deployment of peacekeepers along the line of contact will allow the
mediators to impose their policy on the region instead of defending
the interests of the conflict sides. Besides, the peacekeepers will
block the conflict at the line of contact of NKR and Azerbaijan, the
border in the direction of Meghri and Karvachar will be "abeyant". In
case of a sudden attack of Azerbaijan on Meghri the peacekeepers may
easily prevent the Karabakh army from helping the Armenian force.

7. The creation of a demilitarized "buffer" along the line of contact
will be symbolic in reality. The Azerbaijani army can cross this area,
which is a plane area, within less than half an hour. Now 70 percent
of the armed force of Azerbaijan is at the front line.

8. Agreement on the international status of Karabakh will weaken the
real sovereignty (though it sounds as a paradox). Through various
agreements and conventions full control will be established on
everything in Karabakh, first of all the armed force. Technically, it
is not difficult to do: the "Lachin tap" can be turned off at any time.

Consequences for transportation

1. The railroad Horadiz-Meghri-Nakhidjevan will be highly lucrative
for Azerbaijan and Turkey. Azerbaijan can import and export goods from
Nakhidjevan and Turkey in an unlimited amount and at a low cost. The
railroad between Nakhidjevan and Iran will enhance cooperation between
these countries.

2. Armenia will not benefit from this railroad, first because
it does not continue to Meghri and Kapan, second, no growth of
economic relations with Turkey and Azerbaijan is foreseen in the
visible future. The profit from transit cannot be compared with
the concessions.

3. Karabakh will not benefit from the operation of these railroads
at all because industries are far from these railroads.

4. Operation of Stepanakert-Aghdam-Yevlakh is unlikely because
Stepanakert is a deadlock, and Azerbaijan does not need it, Karabakh
does not produce anything Azerbaijanis would like to buy and transport
by rail, and they will not wish to sell anything to Karabakh. Even
if the rail functions, only those industries will develop which are
located around Stepanakert. There are limited resources for these
industries. Besides, this railroad needs repair. Even after the repair
the Azerbaijanis may block this line for an unlimited period.

5. Of the roads Martakert-Aghdam-Fizuli-Jebrail,
Jebrail-Zangelan- Kapan, Horadiz-Mijavan-Meghri-Nakhidjevan
and Martakert-Vardenis two will be operated:
Horadiz-Mijavan-Meghri-Nakhidjevan and Aghdam-Fizuli-Jebrail. Only
Azerbaijanis will benefit because they will control these roads. The
road Martakert-Vardenis, an artery for the north of Artsakh will
be blocked, which will have a major impact on the development of
North Artsakh.

Demographic consequences

1. The peacekeeping force will provide the return and security of
Azerbaijani refugees only. The return of the Armenian refugees is
not foreseen.

2. The delay of agreement on the status of NKR with the return
of territories will make the Armenian population migrate due to
uncertainty on future (the present state of things has potential for
development thanks to the controlled territories and communication,
Karabakh is not an enclave, free movement across the controlled
territories is possible, the favorable military positions guarantee
lasting peace).

3. The high rate of birth of Azerbaijanis combined with the policy
of settlement of the returned territories will change the ratio of
Azerbaijanis to Armenians.

Economic consequences

1. Karabakh will be connected with the outside world through the
only road – Goris-Berdzor-Shushi (the Lachin corridor). This will
automatically prevent development of industries (mining, production
of stone). Since the possibility of blocking of trade with Karabakh
in case of terror on the only road is 100 percent, hardly any major
investments in the economy of NKR are possible. Now the risk is
declarative, not real. After the return of territories it will be real.

2. The lack of control of water resources will not let boost energy
generation (which rules out development of industries), and develop
agriculture.

3. The lack of industries will make it impossible to get and use
financial influx (like in 1988 there will be no capacity for the use
of money).

4. The lack of sea and a developed travel infrastructure, and costly
transport will hinder the development of tourism. As a result,
Karabakh will become a site of pilgrimage for Armenians worldwide
who have "a bleeding heart" for Karabakh.

For Karabakh, it means returning the year 1988, the situation which
the people of Karabakh overcame through immense losses. Do we want the
same to repeat? Will the Armenian politicians again display suicidal
shortsightedness and criminal naivety?

From: Emil Lazarian | Ararat NewsPress

JUST RUSSIA SIGNS COOPERATION AGT WITH ARMENIA LEFT PARTY

ITAR-TASS News Agency, Russia
July 3, 2007 Tuesday 08:47 AM EST

The Just Russia party signed an agreement in Moscow on Tuesday on
cooperation with the leading Armenian left party – Dashnaktsutyun.

"This action marks a major priority in Just Russia’s international
activity – the strengthening of relations with centre-left parties
in the CIS space," leader of Just Russia, speaker of the Federation
Council upper house of parliament Sergei Mironov stated.

He said this work would be continued. In the words of Mironov,
the Socialist Party of Ukraine, Democratic Party of Moldova,
Socialist Party of Kyrgyzstan and others occupy serious positions
in the political systems of their countries, have representatives in
parliaments and governments.

During a recent trip of Mironov to Geneva at a meeting of the Council
of the Socialist International the parties reached agreements to
hold a working meeting of representatives of social democratic and
socialist parties of CIS countries.

It is expected to be held in Russia this autumn. "Our plans include
the establishment of close interaction of parties in the post-Soviet
space," Mironov said.

The Armenian left party Dashnaktsutyun is 117 years old and is
represented by 11 deputies in the country’s parliament and four
ministers in the Armenian government. It is also the only party in
the CIS space that has a full-fledged membership in the Socialist
International.

Last weekend, Just Russia submitted an official application for
joining this organisation. Representative of the Armenian party,
vice speaker of the Armenian parliament Vaan Ovanesian stressed that
his party will support this initiative.

"The world socialist movement is incomplete without Russia," he is
certain. Ovanesian recalled that some Russian parties, including
Yabloko, in their time had made attempts to join the Socialist
International, however, these attempts were not crowned with success.

From: Emil Lazarian | Ararat NewsPress

"THESE PEOPLE CANNOT BE BESIDE ME NOW BUT THEY WILL VOTE FOR MY PROGRAM"

KarabakhOpen
03-07-2007 11:47:52

On June 29 the NKR presidential candidate visited the villages of
Kichan, Chldran, Poghosagomer, Drmbon, Kochoghut, Harutiunagomer and
Vaghuhas, Martakert region. During the meetings issues were raised
which worry everyone in Karabakh.

The villages which Masis Mayilyan visited had been occupied during the
war and when they were liberated, people found only destroyed houses
and traces of fires. Therefore, many asked when the government will
finally keep its promise and reconstruct their houses. The roads are
in a poor state, there is no telephone everywhere.

Amazingly, however, these people living far from the world have enough
information about the political process. In many places they asked the
candidate if problems may occur with the National Assembly in case
he is elected. How is Masis Mayilyan going to collaborate with the
parliament which endorsed the other candidate? "If people elect me,
and controversies occur, it will mean the National Assembly ignores
the choice of people," Masis Mayilyan said.

The voters also asked who supports Masis Mayilyan. "My supporters
are people who want reforms, who want the rule of law. There are such
people in the government and in the parties which endorsed the other
candidate. These people cannot be beside me now but they will vote
for my program," Masis Mayilyan said.

In some villages people offered to hold TV debates between the two main
candidates. Masis Mayilyan said he is ready to debate on any issue.

There were different wishes and proposals: opening a restaurant,
appointing days of reception for common people, coordination of prices
of vegetables, especially in spring. Someone wished life in Karabakh
were like say in Singapore.

From: Emil Lazarian | Ararat NewsPress

DOCTORS WISHED MASIS MAYILYAN GOOD LUCK

KarabakhOpen
03-07-2007 11:47:14

On June 30 Masis Mayilyan met with the personnel of the Republic
Hospital.

During this warm talk life in our country and the problems of the
health sector, including corruption and incorrect human resource
policy were discussed. The presidential candidate Masis Mayilyan said
the government must recover the health sector from this poor state,
upgrade medicine and make it more available for people, and fight
corruption in this sector. It is necessary to observe the law at all
the levels of the system and use mechanisms which at least will not
reduce the level of medicine in the first stage and will continue to
work towards its improvement.

Most importantly, the candidate thinks, the government must first
fulfill its commitments to the medical staff and then demand that
they honor the law. In particular, a significant rise in salary of
the medical workers and improvement of the state of the Republic
Hospital is necessary.

The doctors drew Masis Mayilyan’s attention to the consequences of the
incorrect human resource policy when the same people occupy the same
high-ranking positions, there is only rotation. The candidate said
it won’t continue. Three parameters must be set in choosing staff:
professionalism, patriotism and honesty.

Some emphasized the importance of protection of the rights of the
Russian-speaking people and a corresponding attitude towards the
Russian language, proposing to adopt Russian as a second language. The
candidate disagreed with this proposal but he emphasized that the
problem of Russian-speaking people needs address. In particularly,
they must not face language problems in finding a job. Masis Mayilyan
thinks teaching some subjects at schools in Russian at least in the
beginning must become part of the policy of boosting the inflow of
people. In addition, he thinks students of the course in a foreign
language can get a certificate if they get satisfactory results from
the Armenian grammar, literature and history.

The doctors asked about the candidate’s vision of the order our
children must live in. The candidate said the market economy is a
priority in today’s world and emphasized the necessity of preserving
the national traditions. Masis Mayilyan described this order as
"capitalism in production and socialism in distribution."

Other issues were discussed, including proportion in raising salaries
and pensions, justice in awarding medals and titles.

At the end of the meeting Dr. Edward Ghukasyan emphasized the necessity
of promotion of democratic reforms and particularly expressed concern
about the behavior of the opposition parties.

I was in the initiative group which named Bako Sahakyan but then
opposition parties appeared among his supporters, and it was not
clear to me. The classic attributes of democracy should be observed
to have democracy work.

And democracy without opposition is impossible. When Masis Mayilyan
was named, it was a relief for many because it was the best remedy
to this situation. It is clear there are two main candidates: Bako
Sahakyan and Masis Mayilyan. I respect both and I think no matter
whom people will elect, the program of the elected candidate must be
implemented because it is a national program.

The doctors wished Masis Mayilyan good luck.

ARSHAK SADOYAN: ROBERT KOCHARIAN AND SERGE SARGSIAN WILL NOT "DIGEST" ISSUES CONNECTED WITH RADIO LIBERTY

Noyan Tapan
Jul 03 2007

YEREVAN, JULY 3, NOYAN TAPAN. Arshak Sadoyan, the Chairman of the
Union of National Democrats party, at the July 3 press conference, said
that the haste in the issue of closing the Radio Liberty is connected
only with the upcoming presidential elections. He mentioned that RA
President Robert Kocharian’s and Prime Minister Serge Sargsian’s regime
"will not digest the issues connected with the Radio Liberty."

A. Sadoyan stated that the party headed by him will struggle against
the "disgraceful process" of prohibiting the broadcasting of the
Radio Liberty and will not permit hiding of possible illegal acts in
the upcoming presidential elections.

A. Sadoyan said that in order to improve the situation in the sphere
of democracy we need to have an independent TV company in Armenia. In
his words, they are going to apply to the Council of Europe and a
number of international organizations with that issue.

The Chairman of the Union of National Democrats also said that the
opposition should unite around the already strengthened clan and
offer a common candidate for the presidential elections. S. Sadoyan
considered talks about nomination of former President Levon
Ter-Petrosian’s candidature for the forthcoming elections "as a storm
in a teacup."

RA NA FINISHES SPECIAL SESSION, CONCLUDING AGENGA

Noyan Tapan
Jul 03 2007

YEREVAN, JULY 3, NOYAN TAPAN. On July 3, the RA NA in the second
reading and completely adopted four bills authored by the RA
government, which envisage making amendments and addenda to the RA
laws "On Simplified Tax," "On Fixed Payments," "On the 2007 RA State
Budget," "On the RA International Agreements." The adoption of the
parcel of legislative amendments and addenda related to the sphere
of television and radio failed due to lack of quorum.

So, the RA NA finished the special session, which had started on
June 27, concluding the agenda. The NA autumn session will start on
September 10.