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OPPOSITION MP: THE TIME TO LAUNCH NO CONFIDENCE CAMPAIGN AGAINST GOVERNMENT HAS NOT YET COME
by Tatevik Shahunyan
Thursday, February 20, 15:50
The four opposition parliamentary forces are still working at the
document to express no confidence in the Government, however, they
have not taken a common decision yet, Armen Rustamyan, Head of ARF
Dashnaktsutyun parliamentary group, told journalists.
He said that the given issue will not be raised during the forthcoming
4-day session of the Parliament, because "the time has not come yet".
He failed to answer the question whether the issue will be raised at
the following four-day session in a month.
Rustamyan pointed out that at the Feb 25 meeting ARFD is going to
raise the issue of creation of an interim parliamentary commission
to investigate the situation around Nairit Plant. He added that the
other opposition parliamentary groups fully support that initiative.
Nairit Plant was one of the six world synthetic rubber manufacturers
during the Soviet period. After the collapse of the USSR the Plant
suspended its operation. Since Armenia gained independence, the
Plant has changed its owners for several times, however, they failed
to develop the production and the Plant's debts grew in the course
of time.
It should be noted that dozens of employees of Nairit Plant, which
has been idle since April 2010, regularly hold actions protest to
demand their salaries payable.
By some data, Rosneft has expressed an intention to build a new
rubber plant in Armenia instead of upgrading the current one. It is
not ruled out that part of the Nairit specialists will be employed
at the new plant.
On 25 December 2013, Rosneft, L.L.C. PIRELLI Tyre Russia, and Rosneft
Armenia signed a Memorandum of Understanding in Yerevan. The Memorandum
envisages creation of a styrene-butadiene rubber (SBR) production
joint venture in Armenia.
The fixed assets of Nairit Plant and its principal shareholder
Rhinoville Property Limited were transferred to Interbank as a result
of non-redemption of a loan. The 70 mln USD loan was provided in
2006 against security of the Plant. The latter received the loan for
5 years, i.e. till late Dec 2011, at 12,5% p.a. The current debt of
the Plant is over $130 mln.
http://www.arminfo.am/index.cfm?objectid=896C7880-9A2D-11E3-9F530EB7C0D21663
From: A. Papazian
by Tatevik Shahunyan
Thursday, February 20, 15:50
The four opposition parliamentary forces are still working at the
document to express no confidence in the Government, however, they
have not taken a common decision yet, Armen Rustamyan, Head of ARF
Dashnaktsutyun parliamentary group, told journalists.
He said that the given issue will not be raised during the forthcoming
4-day session of the Parliament, because "the time has not come yet".
He failed to answer the question whether the issue will be raised at
the following four-day session in a month.
Rustamyan pointed out that at the Feb 25 meeting ARFD is going to
raise the issue of creation of an interim parliamentary commission
to investigate the situation around Nairit Plant. He added that the
other opposition parliamentary groups fully support that initiative.
Nairit Plant was one of the six world synthetic rubber manufacturers
during the Soviet period. After the collapse of the USSR the Plant
suspended its operation. Since Armenia gained independence, the
Plant has changed its owners for several times, however, they failed
to develop the production and the Plant's debts grew in the course
of time.
It should be noted that dozens of employees of Nairit Plant, which
has been idle since April 2010, regularly hold actions protest to
demand their salaries payable.
By some data, Rosneft has expressed an intention to build a new
rubber plant in Armenia instead of upgrading the current one. It is
not ruled out that part of the Nairit specialists will be employed
at the new plant.
On 25 December 2013, Rosneft, L.L.C. PIRELLI Tyre Russia, and Rosneft
Armenia signed a Memorandum of Understanding in Yerevan. The Memorandum
envisages creation of a styrene-butadiene rubber (SBR) production
joint venture in Armenia.
The fixed assets of Nairit Plant and its principal shareholder
Rhinoville Property Limited were transferred to Interbank as a result
of non-redemption of a loan. The 70 mln USD loan was provided in
2006 against security of the Plant. The latter received the loan for
5 years, i.e. till late Dec 2011, at 12,5% p.a. The current debt of
the Plant is over $130 mln.
http://www.arminfo.am/index.cfm?objectid=896C7880-9A2D-11E3-9F530EB7C0D21663
From: A. Papazian