168 HOURS: NAIRIT MAY BE DECLARED BANKRUPT

Tuesday,
July 02

'168 Hours' paper writes citing its sources that the Armenian prime
minister's brother, deputy director of Nairit Plant CJSC Ashot Sargsyan
has resigned.

"The resignation of Tigran Sargsyan's brother at a time when the
Armenian government and Rosneft Company (Russia) should take a decision
on Nairit and when the Moscow arbitration court examines the Interstate
Bank's lawsuit against Nairit gives reason to think that there is
nothing to do at the plant anymore. The Russian side has no intention
to assume the plant's debt liabilities, the Armenia government has
no buyers, and in all likelihood the Moscow arbitration court will
declare it a bankrupt and sell as scrap metal," the newspaper said.

TODAY, 13:34

Aysor.am