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Government Of Armenia Pins Hopes With New Owner Of Akhtala Mining Co

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  • Government Of Armenia Pins Hopes With New Owner Of Akhtala Mining Co

    GOVERNMENT OF ARMENIA PINS HOPES WITH NEW OWNER OF AKHTALA MINING COMPANY

    ARMINFO
    Thursday, August 7, 01:27

    Government of Armenia pins hopes with a new owner of the Ahktala
    mining and enrichment combine, Prime Minister Hovik Abrahamyan told
    reporters when visiting the company earlier today, on 6 August.

    The prime minister said 700 new jobs have been created at the combine
    as the company's administration has changed. Another 200 jobs are
    expected to open shortly.

    According to ArmInfo's data, the new owner of the combine is Maksim
    Hakobyan, former director general of the Zangezour copper and
    molybdenum combine (ZCMC), President of the ZCMC Board.

    As for the development of the country's regions, the prime minister
    said the Government will submit a bill that looks to exempt small
    enterprises in as many as 30 near border communities from taxes.

    "Although it will be a heavy burden for the budget, we ought to
    undertake such responsibility," Abrahamyan said.

    Earlier, Akhtala mining company belonged to Metal Prince Ltd.

    registered on Nevis Island. The company launched activity in Armenia in
    2000. Metal Prince belongs to Serob Ter-Poghosyan, American-Armenian
    businessman, who was sentenced to 15 years in prison by Lori Regional
    Court for pedophilia.

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