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Government Of Armenia Decides To Complete Process Of Liquidation Of

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  • Government Of Armenia Decides To Complete Process Of Liquidation Of

    GOVERNMENT OF ARMENIA DECIDES TO COMPLETE PROCESS OF LIQUIDATION OF 'NAMAKANISH' STATE ENTERPRISE ENGAGED IN ISSUE OF POSTAGE STAMPS

    ArmInfo
    2009-01-16 12:04:00

    ArmInfo. The government of Armenia made a decision on completion of
    the process of liquidation of 'Namakanish' state enterprise ('Postage
    stamp') engaged in issue of postage stamps. The right for issue of
    postage stamps was conveyed to 'Haypost' Company even in 2006 after
    its transfer in trust of private investors. In 2007, the management of
    'Haypost Trust Management' claimed of illegal issue of postage stamps
    by 'Namakanish' CJSC as a result of which 'Haypost' suffered damage
    at the rate of 300 million drams.

    In view of the process of liquidation, the Finance Ministry of
    Armenia was charged to care for collection of the foreign partners'
    debt of about $1 mln to 'Namakanish' CJSC. After closure of the state
    enterprise, the Transport and Communication Ministry will be entrusted
    with administration of its property.

    From: Emil Lazarian | Ararat NewsPress
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