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“Ararat Cement” will be nationalized. Pashinyan’s statement in Shnogh

As the Zangezur copper-molybdenum combine came under state control in 2021, the same fate awaits the “Ararat Cement” factory, according to Nikol Pashinyan. The Prime Minister candidate of the “Civil Agreement” party announced this today during a meeting with the residents of the Shnogh community of Lori marz.


According to Pashinyan, one of the key assets of PAP leader Gagik Tsarukyan’s business, “Ararat Cement”, will soon come under the control of the state and become the property of the Republic of Armenia. He announced that, according to his claim, “mafia schemes” related to Gagik Tsarukyan and his son-in-law, the former governor of Kotayk Karapet Guloyan, were revealed, and the government has already received the letter from the prosecutor’s office, according to which the said property is subject to nationalization.


The prime minister’s candidate also mentioned that, as it happened in the case of HEC, it is planned to appoint a temporary manager in “Ararat Cement”.


Addressing the employees of the factory, Pashinyan announced that they are no longer obliged to obey the instructions of Gagik Tsarukyan or Karapet Guloyan, because, according to him, the Republic of Armenia will be their employer from now on. He also called upon the employees to be guided by the government’s instructions from now on.

Dabaghian Diana:
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