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Armenian Law On Earth Entrails Exploitation Is In Need Of Amendment

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  • Armenian Law On Earth Entrails Exploitation Is In Need Of Amendment

    ARMENIAN LAW ON EARTH ENTRAILS EXPLOITATION IS IN NEED OF AMENDMENT

    ARKA News Agency
    Oct 10 2007
    Armenia

    YEREVAN, October 10. /ARKA/. Armenian law on earth entrails
    exploitation is in need of amendment, Arthur Ashughyan, chief of
    Armenian Trade and Economic Development Ministry's unit on earth
    entrails and mining industry, said Tuesday at a press conference.

    He said Armenia has two laws - on earth entrails exploitation and
    on concession.

    "The latter is more advanced and liberal while the law on entails
    exploitation contains more traditional and old principles, which
    often contradict the law on concession", Ashughyan said.

    He thinks a new law is needed. This law will constitute a combination
    of the present two laws' positive aspects.

    On October 1, 2007, Armenian National Assembly passed amendments to
    the law on concession.

    The amendments set rules for providing entrails-related information
    to tax agencies without licensed entities' permission.
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