South Caucasian Railways summed up first quarter resultsMay 4, 2009 - 19:28 AMT PanARMENIAN.Net - RA Prime Minister Tigran Sargsyan met with Transportation and Communication Minister Gurgen Sargsyan and "South Caucasian Railways" CJSC's General Director Shevket Shaydullin, SCR press service reports.During the meeting, the parties discussed issues concerning railway communications development. The first quarter results and the major trends elaborated during SCR Directors' recent meeting were introduced to Mr. Shaydulin. The latter include the 2009 Investment Program, tariff policy, regional and social policy etc. The parties also discussed plans for constructing the Vanadzor-Fioletovo railway in the frames of concessionary agreement aimed at restoring Armenia's railway infra-structure. SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian Railways CJSC was transferred to South Caucasian Railway's concessionary management under a concessionary agreement dated February 13, 2008. The agreement was signed for the term of 30 years, with possible extension of 10 years. 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 | Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Civil disobedience campaigns continue in Yerevan People demanding Prime Minister Nikol Pashinyan’s resignation again blocked streets in Yerevan on May 15. Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." |