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Govm't establishes stricter control over companies

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  • Govm't establishes stricter control over companies

    RA Government establishes stricter control over companies with state
    participation
    10.12.2009 17:44 GMT+04:00

    /PanARMENIAN.Net/ During the Government's Thursday session, Minister
    of Finance Tigran Davtyan submitted Controls Committee's 2008 reports
    concerning the activity of commercial organizations having no less
    than 50% state participation.

    It took the Government 1.5 year to clarify the number of commercial
    companies with state participation and the state's functions within
    their structure, Minister said, commenting upon Premier Tigran
    Sargsyan's report. `Almost all of the companies turned out to have
    shortcomings. Ministers should feel responsible to exercise personal
    control over them as subordinate bodies,' Prime Minister added.

    At that, he promised to take relevant measures to enhance the
    effectiveness of above mentioned organizations' work by the end of
    2010 and establish monitoring over companies that will be privatized
    in that period.

    From: Emil Lazarian | Ararat NewsPress
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