HAYKAKAN ZHAMANAK: ELECTRIC NETWORKS OF ARMENIA ON BRINK OF BANKRUPTCY
Tuesday,
July
01
Electric Networks of Armenia Company (ENA) released its 2013 financial
statement with the conclusions of Ernst & Young accounting firm.
‘Haykakan Zhamanak’ daily writes that ENA’s losses amount to 4 billion
470 million drams. This circumstance along with several others bears
evidence of uncertainty that may call in question the company’s
ability to continue to work uninterruptedly, according to Ernst &
Young’s audit results.
In other words, ENA is on the brink of bankruptcy. For this reason
Armenia’s Public Services Regulatory Commission decided to raise the
electricity tariff and will hold a sitting today.
TODAY, 10:55
Aysor.am
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Direct link to this article: https://www.armenianclub.com/2014/07/01/haykakan-zhamanak-electric-networks-of-armenia-on-brink-of-bankrupt/