"Nairit" Factory Intends To Sign Contract Agreement Of 82 Million Eu

"NAIRIT" FACTORY INTENDS TO SIGN CONTRACT AGREEMENT OF 82 MILLION EURO

ARMENPRESS
Feb 17, 2009

YEREVAN, FEBRUARY 17, ARMENPRESS: "Nairit" factory intends to sign a
contract agreement of 82 million euros. Head of the "Nairit factory"
company Vahan Melkonian told Armenpress that the agreement is possible
to be signed already in March. Negotiations over it were held earlier
but the process was postponed and the primary sums of the money have
been reduced 2-3 times.

"There are 2 main aspects in the process of getting of the credit –
stabilization and modernization", – he said, considering presentation
of the identity of the creditor and a range of conditions of crediting
early.

Speaking about the workers of the factory who are in the obligatory
stoppage V. Melkonian noted that the main part of them will return
to their works from March 1, and according to the working schedule
the others will also be called during March. As of today the factory
has nearly 3000 workers.