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GAS PRICE TO GO UP AGAIN
A1+
[06:13 pm] 31 October, 2006
But it will remain the same for the residents
Today Karen Karapetyan, executive director of "ArmRusGasArd," repeated
his words that their company has little profit. It is the largest
tax-payer in the country, and they intend to get at least 40 million
USD annual profit.
For instance, the company will have only 3 million 750 thousand USD
profit by the end of the year but they have already made investments
of 83 million USD.
Mr. Karapetyan claims that the gas tariffs are comparatively low in
Armenia. "We might issue an application to the Committee Regulating
Public Services by the turn of the year to increase the tariffs," said
Karen Karapetyan and then, trying to comfort the journalists, added,
"But it doesn't refer to the subscribers, don't worry on this score."
This refers to the companies utilizing gas all over the country. The
state gave them subsidies to compensate part of the increased tariffs.
Mr. Karapetyan was also concerned about the wrong distribution of the
subsidies. "If the subsidies were distributed effectively, it would
give an excellent opportunity to the Armenian manufacturers to take
their products to the international market," says the director of
"ArmRusGasArd."
Karen Karapetyan announced that their company also intends entering
the international market in order to prove that besides cognac,
Armenia can have other brandy as well.
A1+
[06:13 pm] 31 October, 2006
But it will remain the same for the residents
Today Karen Karapetyan, executive director of "ArmRusGasArd," repeated
his words that their company has little profit. It is the largest
tax-payer in the country, and they intend to get at least 40 million
USD annual profit.
For instance, the company will have only 3 million 750 thousand USD
profit by the end of the year but they have already made investments
of 83 million USD.
Mr. Karapetyan claims that the gas tariffs are comparatively low in
Armenia. "We might issue an application to the Committee Regulating
Public Services by the turn of the year to increase the tariffs," said
Karen Karapetyan and then, trying to comfort the journalists, added,
"But it doesn't refer to the subscribers, don't worry on this score."
This refers to the companies utilizing gas all over the country. The
state gave them subsidies to compensate part of the increased tariffs.
Mr. Karapetyan was also concerned about the wrong distribution of the
subsidies. "If the subsidies were distributed effectively, it would
give an excellent opportunity to the Armenian manufacturers to take
their products to the international market," says the director of
"ArmRusGasArd."
Karen Karapetyan announced that their company also intends entering
the international market in order to prove that besides cognac,
Armenia can have other brandy as well.