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NA DISCUSSES PRIVATIZATION OF STATE PROPERTY
AZG Armenian Daily
13/04/2006
As a result of privatization processes in 2001-2003, the state property
was squandered away, Hovhannes Margarian, member of Orinats Yerkir
Party, said at parliament on April 11. He said that the government
keeps complaining of the lack of financial sources. He added that
this is quite possible, as the property costing AMD 5 billion 850
millions was sold at AMD 950 million, which makes the 16,2 % of its
real cost. In particular, the assets of Orbita CJSC were valued at
AMD 3 billion 212 millions but the company was privatized for AMD 116
million, which makes 3,6% of its real cost. "How can our authorities
restore the banking deposits of the population or secure the residents
of earthquake zone with flats, to reconstruct the transportation
infrastructures of Ashotsk and Amasiya regions that connect Armenia
with Javakhk if the people's wealth had been squandered?" he posed
a rhetoric question.
AZG Armenian Daily
13/04/2006
As a result of privatization processes in 2001-2003, the state property
was squandered away, Hovhannes Margarian, member of Orinats Yerkir
Party, said at parliament on April 11. He said that the government
keeps complaining of the lack of financial sources. He added that
this is quite possible, as the property costing AMD 5 billion 850
millions was sold at AMD 950 million, which makes the 16,2 % of its
real cost. In particular, the assets of Orbita CJSC were valued at
AMD 3 billion 212 millions but the company was privatized for AMD 116
million, which makes 3,6% of its real cost. "How can our authorities
restore the banking deposits of the population or secure the residents
of earthquake zone with flats, to reconstruct the transportation
infrastructures of Ashotsk and Amasiya regions that connect Armenia
with Javakhk if the people's wealth had been squandered?" he posed
a rhetoric question.