ARMENIAN ENTERPRISES TRANSFERRED TO RUSSIA WILL BE ACTIVATED

ARMINFO News Agency
October 11, 2005

YEREVAN, OCTOBER 11. ARMINFO. ‘The Armenian enterprises transferred
to Russia in return for the country’s state debt will be activated.’
Armenian Presidential Security Council, Defense Minister of Armenia,
Co-Chairmen of the Armenian- Russian Intergovernmental Commission
for Economic Cooperation Serge Sargsyan told journalists, Tuesday.

He said Russian representatives of the Intergovernmental Commission for
Economic Cooperation have arrived in Armenia to take first hand view
of the problem. ‘I think, some progress is expected in the sphere,’
Serge Sargsyan said.

To note, to repay its $100 million debt to Russia, the Armenian
party transferred Hrazdan TPP, National Research Institution of
Mathematical Machines, NRI of Automatic Control Systems, “Mars” plant,
Institution of Materials Study. Factually, except Hrazdan TPP, none
of the enterprises has been activated during the last two years.