GOVERNMENT LIQUIDATES YEREVAN STUDIA CJSC

Noyan Tapan
Apr 13 2006

YEREVAN, APRIL 13, NOYAN TAPAN. At the April 13 sitting, the Armenian
government made a decision about liquidation of Yerevan Studia
CJSC. The decision was made taking into account the fact that although
the company has paid all its debts, it is impossible to organize normal
activities of Yerevan Studia CJSC under conditions of small allocations
from the state budget and low commercial incomes. According to the
RA Government Information and PR Department, it was also decided
to separate property of balance value of 42 mln 84 thousand 433.5
drams (about 93.5 thousand USD) from property of Yerevan Studia CJSC
in order prescribed by law and to transfer it, as state property,
to Public Television and Radio Company Board state establishment,
increasing the company’s authorized capital in the amount of the
property value by issuing additional shares.