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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |