AZG Armenian Daily #196, 14/10/2006

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RA GOVERNMENT HANDS MANAGEMENT OF HAYPOST TO DUTCH ING COMPANY

Andranik Manukian, RA Transport and Communication Minister, informed
at yesterday’s press conference that RA Government hasn’t received any
official application letter from OTE Greek Company. He said that they
have promised to submit the competition results next week. He added
that the purchase of "ArmenTel" cant’ take place without the consent
of RA Government.

Besides, he said that Ra Government handed the management of "HayPost"
to Dutch ING company. As for the fact of handing the management of
"HayPost" to "Converse Invest" company a year ago, Mr. Manukian said
that if needed this company can consider the government decision to
hand "HayPost" to Dutch ING company at the court. At the same time, he
added that within a year, "Converse Invest" made investments in the
company and will certainly get their share of profits.

By Ara Martirosian