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European Development Bank Rates High Privatization In Armenia

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  • European Development Bank Rates High Privatization In Armenia

    EUROPEAN DEVELOPMENT BANK RATES HIGH PRIVATIZATION IN ARMENIA

    Panorama.am
    14:35 05/12/06

    "European Development Bank has rated 4 out of maximum 5 points the
    privatization implemented in Armenia," Karine Kirakosyan, state
    property management department head affiliated to the government,
    said at the National Assembly today.

    The parliament discussed amendments in the bill on program
    2006-2007 on privatization of state property today. According to
    government submitted draft, several economic entities are proposed
    for privatization among them Hrazdan Complex, Bagavan and Laser
    Techniques. Two other companies are suggested to be excluded from
    the list on privatization.

    The committee on finance and crediting, budget and economic issues has
    given a positive assessment to the bill. Hermine Naghdalyan, member
    of Armenian Republican Party (HHK) also encouraged the deputies to
    vote for.

    Aram Sargsyan from Justice Block said it is "imprudent" to include
    the mentioned companies in the list of privatization. Kirakosyan
    reassured that only shares will be sold.
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