30.03.2009 17:45 GMT+04:00

/PanARMENIAN.Net/ "There's hardly any organization is the world that
remained unaffected by financial crisis," ArmenTel CJSC Director
General Neicho Velichkov told a news conference on Monday. "Our
company is proud to occupy firm positions in Armenia as well as
worldwide. Financial crisis must not prevent us from implementation
of scheduled programs. This is the time when major companies have to
prove their vitality. Crisis could be termed as production decrease
and we'll need a long time to overcome it."

The company has a very clear development program and plans
no job cuts in 2009. "We've planned a number of internal
reorganizations. Construction works effected within the last 2 years
and over $200 million of development investments will make it possible
for the company to operate trouble free," Neicho Velichkov reported.

When questioned about possible Beeline tariff revision, Director
General responded, "Beeline doesn't plan tariff increase for mobile
services, yet if the situation changes for the worse, we'll have to
revise our price policy."

ArmenTel CJSC is a subsidiary of VimpelCom Group, consisting of
telecommunications operators providing voice and data services
through a range of wireless, fixed and broadband technologies. The
Group companies provide services under the "Beeline" brand.