ODJCS registers growth in the first half of 2009September 7, 2009 - 14:16 AMT PanARMENIAN.Net - Number of acts instituted by Overdue Debts' Judicial Collection Service in the first half of 2009, has registered a significant growth, ODJCS press service reported.Within the period indicated, the Service processed 42 743 executions against 31 000 in 2008. At the same time, total penalty sum increased thrice. Cost of property at ODJCS compulsory electronic auction increased twice, which explains the increase in ODJCS work load. Thus, as of July 2008 data, cost of property put up for auction comprised AMD 151 million. In July 1, 2009 the index rose to AMD 340 million. Head of ODJCS analytical and inspection department Robert Minasyan noted that increase in claims has been registered since the beginning of 2009. "Banking system has seen growth in execution acts number. A number of penalties to clients for non-payment of telephone services and employers for arrears of wages were imposed. The service undertakes steps to provide effective collection of debts overdue," he noted. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |