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'Bjni' Mineral Water Plant To Resume Production In Late February - E

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  • 'Bjni' Mineral Water Plant To Resume Production In Late February - E

    'BJNI' MINERAL WATER PLANT TO RESUME PRODUCTION IN LATE FEBRUARY - EARLY MARCH, 2009

    ArmInfo
    2009-02-20 12:50:00

    ArmInfo. "Bjni" Mineral Water Plant" CJSC will resume production
    in late February - early March, 2009, the new owner of the plant,
    businessman and parliamentarian Ruben Hayrapetyan said at the
    press-conference in Yerevan, Friday.

    He said the enterprise's acceptance act will be held soon, after
    which the required volume of investments in the production will be
    specified. He also added that the old production lines were functioning
    at the plant which need to be renewed. According to R. Hayrapetyan,
    he is not going to cut the plant staff, especially under conditions
    of the global economic crisis.

    "Bjni" was acquired during a repeated electron auction for 4,441
    bln drams ($14,5 mln.) instead of the initial 4,9 bln drams ($16
    mln). The Armenian authorities arranged sale of "Bjni" as tax claims
    to the total sum of 4.1 bln drams to be collected in favour of the
    state were laid to the company as a result of inspections. However,
    some people connect the sale of the plant with political prosecution
    of its former owner Khachatur Sukiasyan who openly supported the
    oppositional candidacy of the first President of Armenia Levon
    Ter-Petrosyan at February 2008 presidential election.

    When asked by journalists whether R. Hayrapetyan feels remorse in
    view of acquisition of "Bjni", the businessman replied: "I have
    bought the plant from the state and I think I am right. This is a
    profitable business and no one forced me to do this step' (Pressure
    of the incumbent Armenian authorities is meant here). He confessed
    that he always was in bad relations with K. Sukiasyan, however, he is
    not afraid of a threat of massacre by the latter for purchasing the
    plant. The call of a businessman, the leader of "Prosperous Armenia"
    party Gagik Tsarukyan not to take part in the auction selling did
    not stop him either.

    From: Emil Lazarian | Ararat NewsPress
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