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Property Of Armenia's Rubber Factory Could Be Auctioned Off

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  • Property Of Armenia's Rubber Factory Could Be Auctioned Off

    PROPERTY OF ARMENIA'S RUBBER FACTORY COULD BE AUCTIONED OFF

    news.am
    January 25, 2013 | 14:38

    YEREVAN. - The matter of seizing the property of Nairit Rubber
    Factory of Armenia is included in the duties of the Justice Ministry's
    Compulsory Enforcement Service of Judicial Orders (CESJO). Its chief,
    Justice Major General Mihran Poghosyan stated this during a press
    conference on Friday.

    The ArmRusGazprom Company and VTB Bank (Armenia) have filed a petition
    against Nairit toward the seizure of its property. The total debt is
    about 1.5 billion drams (approx. $3,685,370).

    As per the CESJO chief, they are attempting to design graphics so
    that Nairit is able to gradually repay debts, since the activities
    of this plant greatly impact the economic system of Armenia.




    From: A. Papazian
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