ARMENTEL BIGGEST TAX PAYER IN ARMENIA

YEREVAN, JUNE 30. ARMINFO. THe ArmenTel telecom company is the biggest
tax payer in Armenia – 11.204 bln AMD paid in taxes in 2004 -0.5%
more than in 2003, says AEPLAC survey.

The second biggest tax payer is Flash – 8.643 bln AMD (+32%), the
third one ArmRosgazprom 6.873 bln AMD (-36.5%). Electrical Networks
of Armenia paid 3.305 bln AMD (-67.6%).

At the same time the company leads in the number of employees –
8,344. ArmenTel and ArmRosgazprom employ 5,388 and 5,274 people (-6.4%
and +77.2%) respectively.