  SCR plans to work without losses in 2011 April 14, 2011 - 14:36 AMT PanARMENIAN.Net - Director General of South Caucasus Railways (SCR) Shevket Shaydullin said that SCR plans to achieve breakeven operation in 2011. The company’s Board of Directors set serious tasks for increasing profitability, as well as securing 16% growth in incomes compared to 2010 while forming the 2011 budget, Shaydullin told a press conference in Yerevan. According to him, SCR plans to attach greater importance to improvement of the system of budget administration, facilitation of the company’s transparency. Shaydullin added that in 2010 the company started working by the system of international financial accounting and reporting. Besides, an audit in compliance with international standards was carried out by famous BTO audit company. “The main factor of 2010 budget process is that we started assigning basic directions of activity for separate business units, segments,” concluded Shaydullin.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
