Lydian Armenia dispute "damaging to both company and the country"July 12, 2019 - 16:20 AMT PanARMENIAN.Net - Prolonged delays in addressing the matter of Lydian Armenia's operations is economically damaging not only to the company but to the country in general, said the Armenian British Business Chamber (ABBC) in a statement. "Today (July 9) at the National Assembly of the Republic of Armenia the ongoing issue of our member Lydian Armenia was discussed again by the head of the Economic Committee of the Parliament and the Minister of Environment," the ABBC said. Lydian Armenia's operations have been on a hold for many months awaiting resolution. "Such prolonged delays in addressing the matter of Lydian Armenia's operations is economically damaging not only to the company but to the country in general. "We believe in the rule of law, fair treatment of all businesses, in professionalism and integrity." The Chamber said companies operating in sensitive industries should comply with the highest international standards and local regulations. "At the same time the government should provide the companies, who are in compliance, certain safeguards and guarantees to ensure their safe operations," the statement said. "Only balanced and professional resolution of conflicts and concerns can result in the economic growth of the country and raise investor confidence. We hope this matter will find its resolution without unnecessary delays." Related links: 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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |