DEVELOPMENT PROGRAM OF ARMPOST TO BE APPROVED SHORTLY
YEREVAN, JUNE 16. ARMINFO. The Armenian Government is expected to
approve the development program of the CJSC ArmPost within the nearest
future, ArmPost Director for Investments and Development Alexander
Petrossyan informed ARMINFO today speaking on the fulfillment of a
governmental decision on transfer of the CJSC ArmPost’s shares to
trust of the company Converse Invest.
He says that his statement made at a press-conference yesterday on a
“theoretical possibility” of canceling the agreement with Converse
Invest if the government does not approve the program, was incorrectly
perceived by ARMINFO’s correspondent. Petrossyan added that within
the first months of the current year, the employees of Converse
Invest had carefully studied the activity of ArmPost together with
the specialists of the French La Poste. It was on the bases of the
study results that the program of the enterprise’s development for
the coming 5 years was elaborated.
Meanwhile Armenia’s Transport and Communication Minister Andranik
Manukyan says that the government approved the draft agreement on
transfer of the shares of CJSC ArmPost to Converse Invest for five
years Dec 23 2004. It says that Converse Invest will get 20% of
ArmPost profits, with 80% to be given to the state. Converse Invest
has also pledged to cover all the losses of ArmPost – some $300,000
owed to Aeroflot and almost as much to the state budget.
From: Emil Lazarian | Ararat NewsPress