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"Zhoghovurd" newspaper: Baghdasarov promising to sell property to cover debts
by Alexandr Avanesov
ARMINFO
Saturday, January 17, 13:55
Armavia Company owes not only to its former staff, but also to many
companies and banks, a Yerevan-based "Zhoghovurd" Company writes.
Talking to the newspaper, Mikhail Baghdasarov, the owner of the
company, said he plans to cover all the debts. "Part of the debts has
been redeemed. I have set to auction two apartments. When they are
sold, I will cover the debts. I will sell everything to cover the
debts," Baghdasarov said.
As it was reported earlier, Armavia owes 24.2 billion AMD (about 58
million US dollars) to the Armenian state budget, including 6.9 bln
AMD in taxes and 17.3 bln in fines. Besides, the company's debt to VTB
Bank has reached $12 million, inclusive of interests and fines. The
company was established in 1996 and belongs to Mikhail Bagdasarov, who
owned several enterprises, including Armavia and Mika Stadium.
by Alexandr Avanesov
ARMINFO
Saturday, January 17, 13:55
Armavia Company owes not only to its former staff, but also to many
companies and banks, a Yerevan-based "Zhoghovurd" Company writes.
Talking to the newspaper, Mikhail Baghdasarov, the owner of the
company, said he plans to cover all the debts. "Part of the debts has
been redeemed. I have set to auction two apartments. When they are
sold, I will cover the debts. I will sell everything to cover the
debts," Baghdasarov said.
As it was reported earlier, Armavia owes 24.2 billion AMD (about 58
million US dollars) to the Armenian state budget, including 6.9 bln
AMD in taxes and 17.3 bln in fines. Besides, the company's debt to VTB
Bank has reached $12 million, inclusive of interests and fines. The
company was established in 1996 and belongs to Mikhail Bagdasarov, who
owned several enterprises, including Armavia and Mika Stadium.