SERZH SARGSYAN: GOVERNMENT TO APPROVE 90% SALE OF STOCK OF ARMENTEL

Panorama.am
14:53 06/11/06

The government will approve the deal on 90% sale of stock of ArmenTel
to Vimpelcom (trade mark Biline), Serzh Sargsyan, defense minister
of Armenia who is also co-chair of Russian-Armenian international
economic committee, said. In his words, the government will learn
about the details of the deal and the price for stock.

He also said he sees no danger that the Russian capital is increasing
in Armenia. "There had been no case when Russia would abuse its
economic power," he said. He said neither Russian nor any foreign
companies imposed pressures on the Armenian economy.

From: Emil Lazarian | Ararat NewsPress