Nairit sued by Electric Networks of Armenia, hopes to avoid bankruptcyJuly 2, 2015 - 17:38 AMT PanARMENIAN.Net - Electric Networks of Armenia (ENA) Company filed a lawsuit against Nairit Plant. The company asked the court to declare Nairit bankrupt over the plant's debt of AMD 1.2 billion. No decision was made so far, even though several court sittings were held. On July 1 the court decided to postpone hearings on the case until September, Panorama.am reports. “Negotiations are underway with ENA. I think they will yield a positive result, especially as the Armenian government is also interested in the plant’s reoperation. I am sure the government will do its best to re-operate it, even in case of a slight chance,” Nairit Plant’s lawyer Armen Abovyan told Panorama.am. ENA previously filed a suit against Nairit, but at that time the plant managed to pay its debt. Nairit hopes to repay the current debt as well so as avoid bankruptcy. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |