Electric Network of Armenia tops list of 300 largest contributors to
social security fund

YEREVAN, July 25. /ARKA/. Electric Network of Armenia tops the list of
300 largest contributors to the Social Security Fund of Armenia, as a
result of the first six months of 2008.

According to RA State Tax Service, the company paid 961.2mln drams
against 1.1bln drams it paid in the corresponding period last year.

The second largest payer is ArmRosgasprom 760mln drams against 701mln
drams last year, followed by K-Telekom (VivaCell trademark) mobile
operator with 578.5mln drams.

ArmenTel paid 560mln AMD (565mln AMD in Jan-June last year). The fifth
largest contributor to the social security fund is Zangezur Copper and
Molybdenum Plant with 502.8mln drams (426.1mln drams last year.
($1=301.31 drams). –0–