AZG DAILY #30, 21-02-2009

Economics Update: 2009-02-21 00:05:30 (GMT +04:00)

$ 10 MLN TO ZANGEZUR COPPER MOLYBDENUM CONGLOMERATE

Translated by L.H.

According to the Government decree, a USD 10 mln loan is to be granted
from the state budget to the biggest mining industrial enterprise of
Armenia.

"Despite of the crisis, the conglomerate didn’t stop working and even
got a little profit in 2008", Director of the Conglomerate Maxim
Hakobian announced at a press conference on February 19 at "Novosti"
agency.

Maxim Hakobian also assured that the conglomerate led by him is ready
to overcome the difficult situation.