European Development Bank Rates High Privatization In Armenia

EUROPEAN DEVELOPMENT BANK RATES HIGH PRIVATIZATION IN ARMENIA

Panorama.am
14:35 05/12/06

"European Development Bank has rated 4 out of maximum 5 points the
privatization implemented in Armenia," Karine Kirakosyan, state
property management department head affiliated to the government,
said at the National Assembly today.

The parliament discussed amendments in the bill on program
2006-2007 on privatization of state property today. According to
government submitted draft, several economic entities are proposed
for privatization among them Hrazdan Complex, Bagavan and Laser
Techniques. Two other companies are suggested to be excluded from
the list on privatization.

The committee on finance and crediting, budget and economic issues has
given a positive assessment to the bill. Hermine Naghdalyan, member
of Armenian Republican Party (HHK) also encouraged the deputies to
vote for.

Aram Sargsyan from Justice Block said it is "imprudent" to include
the mentioned companies in the list of privatization. Kirakosyan
reassured that only shares will be sold.