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H. Abrahamyan: Vorotan Hydro Cascade sale should be in state interests
Friday, July 25
During his working visit to Dilijan, Armenian Prime Minister Hovik
Abrahamyan responded to questions of mass media representatives,
according to the press office of the government.
When speaking about the sale of Vorotan Hydro Cascade CJSC, the prime
minister said:
"The new government does everything so that this deal will be
concluded in the interests of our state and economy and all the
clauses of the law be observed. Of course, there are flaws and
unacceptable clauses, for example, a very high rate of profitability -
23.5% and I am firmly against it. There can be no deal in which the
future buyer will have profits of 23.5%. There has been no such deal
in our country and we are now working on this important issue. We
attach importance to the big U.S. company's investments of $180
million in our economy."
As regards trust in that company, Hovik Abrahamyan said there is
nothing suspicious. "I don't see anything 'dark' here as we have
worked transparently for 2-3 months. No pressure has been put. It is
also rumored that we want to cancel the deal and transfer the hydro
cascade to a Russian company. If the deal is invalidated during my
premiership, I will be against the transfer of Vorotan Hydro Cascade
to a businessman of any other country. We informed the American side
about our approaches, all those clauses we do not agree with. They
will inform us about their opinion: if they agree, very well, if they
don't - then the deal will not go ahead and we will not sell Vorotan
Cascade to Russia," H. Abrahamyan said.
As for the decision concerning Nairit-2 CJSC shares taken at the
government session today, H. Abrahamyan said: "The question is that
debt was accumulated and we need to continue discussions for 3-4 days
to take a decision".
The prime minister also discussed the economic policy of the
government, noting that the welfare of Armenian citizens depends on
economic development of the country.
TODAY, 21:00
Aysor.am
From: Baghdasarian
Friday, July 25
During his working visit to Dilijan, Armenian Prime Minister Hovik
Abrahamyan responded to questions of mass media representatives,
according to the press office of the government.
When speaking about the sale of Vorotan Hydro Cascade CJSC, the prime
minister said:
"The new government does everything so that this deal will be
concluded in the interests of our state and economy and all the
clauses of the law be observed. Of course, there are flaws and
unacceptable clauses, for example, a very high rate of profitability -
23.5% and I am firmly against it. There can be no deal in which the
future buyer will have profits of 23.5%. There has been no such deal
in our country and we are now working on this important issue. We
attach importance to the big U.S. company's investments of $180
million in our economy."
As regards trust in that company, Hovik Abrahamyan said there is
nothing suspicious. "I don't see anything 'dark' here as we have
worked transparently for 2-3 months. No pressure has been put. It is
also rumored that we want to cancel the deal and transfer the hydro
cascade to a Russian company. If the deal is invalidated during my
premiership, I will be against the transfer of Vorotan Hydro Cascade
to a businessman of any other country. We informed the American side
about our approaches, all those clauses we do not agree with. They
will inform us about their opinion: if they agree, very well, if they
don't - then the deal will not go ahead and we will not sell Vorotan
Cascade to Russia," H. Abrahamyan said.
As for the decision concerning Nairit-2 CJSC shares taken at the
government session today, H. Abrahamyan said: "The question is that
debt was accumulated and we need to continue discussions for 3-4 days
to take a decision".
The prime minister also discussed the economic policy of the
government, noting that the welfare of Armenian citizens depends on
economic development of the country.
TODAY, 21:00
Aysor.am
From: Baghdasarian