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$10 mln to Zangezur copper molybdenum conglomerate

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  • $10 mln to Zangezur copper molybdenum conglomerate

    AZG DAILY #30, 21-02-2009

    Economics Update: 2009-02-21 00:05:30 (GMT +04:00)

    $ 10 MLN TO ZANGEZUR COPPER MOLYBDENUM CONGLOMERATE

    Translated by L.H.

    According to the Government decree, a USD 10 mln loan is to be granted
    from the state budget to the biggest mining industrial enterprise of
    Armenia.

    "Despite of the crisis, the conglomerate didn't stop working and even
    got a little profit in 2008", Director of the Conglomerate Maxim
    Hakobian announced at a press conference on February 19 at "Novosti"
    agency.

    Maxim Hakobian also assured that the conglomerate led by him is ready
    to overcome the difficult situation.
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