EBC SITTING OPENS IN YEREVAN
news.am
April 20 2010
Armenia
The Working Committee Law, Banking and Finance, European Business
Congress (EBC), opened its sitting in Yerevan on April 20. The
subject of the meeting is "Cost management in energy companies:
post-crisis accents."
Opening the sitting, Dr. Andrey Kruglov, Committee Chairman and Deputy
Chairman of the Management Committee, Gazprom OJSC, pointed out that
the macroeconomic indicators show the financial crisis will soon be
over, and economic recovery is obvious. As regards the management
of the Gazprom OJSC in 2009, he stressed that the company reduced
its investments by 30% amid the crisis, but managed to carry all its
programs through. He pointed out that Gazprom will continue its cost
optimization policy.
Mr. Kruglov explained that the EBC unites many international
companies. According to him, the EBC holds meetings to establish
business cooperation and discuss topical problems. "Over the last
few years the EBC has been a business hang-out in a good sense of the
word," he said. He stressed the pleasant fact of the EBC’s next sitting
in Yerevan, especially as tit has been organized by the ArmRusgazprom
CJSC, an integral part of Gazprom. "In the context of energy policy,
Gazprom-Armenia plays a great role. We have gathered here and, taking
ArmRusgazprom as an example, demonstrate the successful development of
an energy company, which turned the region from an energy-dependent
into an energy-exporting one. ArmRusgazprom is one of the country’s
backbone enterprises," Kruglov said.
Amid the crisis the parent and subsidiary companies have adjusted their
investment plans, but they have not changed their energy development
strategy. "The crisis helped us to brace ourselves up and sort out
priorities," Kruglov said. He expressed confidence that the tasks will
be accomplished and stressed that the Gazprom CSJC is not in crisis.