ROYAL-ARMENIA” OUSTED FROM MARKET?

A1plus

| 17:51:38 | 27-06-2005 | Social |

In 10-15 days the coffee of the company “Royal-Armenia” may be
ousted from the local market, as according to the representative of
the company the Tax Committee does not give them license. Today the
representatives of the JSC “Royal-Armenia” rendered a press conference
to express their discontent with the State Tax Committee.

According to the company head Gagik Hakobyan, the Committee does
everything to oust them from the market and to make the other companies
play the game with their rules. By the way, only 20% of the production
of the company is consumed in the local market, the rest is exported
mainly to Russia and Georgia.

The problem is that the products of “Royal-Armenia” get customs
clearance for twice as much as the other companies. According to
the company lawyer Gevorg Minasyan, they pay 1.8 USD for 1 kg of
Indonesian coffee, while others pay not more than 1.1 UDS. “If what
we pay is right, why do they harm the country taking less money from
other companies? “, said the lawyer.

According to the case against “Royal-Armenia” on the basis of the
protocol about the violation of tax rules, according to the lawyer,
the circumstances which served ground for it are false, and “it was
made up as a result of the cooperation of the State Tax Committee
officials and the ex-supplier of the company, head of “Federal
Investment Group”, US citizen Vache Petrosyan”.

By the way, according to Mr. Hakobyan, the organizer of all this is
the STC Judicial administration head “who was convicted in 1996 for
bribery and cheating”.