Eurasec Not Discussed Financing Of Armenia’s Nairit Plant

EURASEC NOT DISCUSSED FINANCING OF ARMENIA’S NAIRIT PLANT

news.am
June 20, 2012 | 00:43

YEREVAN.- The issues on providing credit to Armenia’s chemical giant
Nairit plant was not discussed during the June 7 session of the
Eurasian Economic Community’s (EurAsEC) Anti-Crisis Fund.

The representative of Finance Ministry Irina Ayvazyan told Armenian
News-NEWS.am that the issue remains on Fund’s agenda. She said the
issue will be discussed as soon as Armenia’s Ministry of Energy and
Natural Resources solves technical problems on choosing the management
of rubber plant.

Last December Armenian Minister of Energy and Natural Resources Armen
Movsisyan said a political agreement on EurAsEC Anti-Crisis Fund’s
financing Nairit factory had been signed.

However, according to him, at first it is necessary to clarify Nairit’s
future for the coming 30-40 years. For that reason experts have been
invited from abroad.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS