SOME LEGISLATIVE AND TECHNICAL PROBLEMS BAR ARMENIAN RUSSIA-RUN ENTERPRISES FROM RE-LAUNCHING

ARKA News Agency, Armenia
Nov 28 2006

YEREVAN, November 28. /ARKA/. Some legislative and technical problems
bar Armenian enterprises handed over to Russia for in exchange for
debt remittance from re-launching, Russian Duma Speaker Boris Grizlov
said as met with his Armenian counterpart Tigran Torosyan on Thursday
in Moscow.

In his words, no solutions are found for these problems.

He thinks Russian and Armenian governments will think over the mater
and find ways for overcoming these obstacles with joint efforts.

Property-for-debt agreement was signed in 2002 between Armenia
and Russia. Under the agreement, Mars plant, Yerevan mathematical
equipment research institute, Yerevan automotive administration systems
researches institute, Yerevan materials institute and Hrazdan Thermal
Power Plant’s property were handed over to Russia for $93-million
state debt remittance.