"ALMAST"JOIN-STOCK COMPANY WILL NOT BE SOLD TO IRANIANS

June 29, 2001 - 23:49 AMT
PanARMENIAN.Net - . According to the "Noyan Tapan" information, the government intends to announce that the earlier made decision to sell state share (63%) of "Almast" joint-stock company to Iranian firm "Kokhinur" has lost it validity. The reason is that the company representatives did not come to Yerevan for agreement signing, and they also did not transfer, as it had been stipulated, the advance part of the payment that equals to $200 thousand. The bargain should have been concluded some months ago, but the Iranian side had postponed the agreement signing terms. A Russian-Armenian company, the name of which has not been announced yet, has become interested in the enterprise producing the equipment for military-industrial complex in Soviet times.
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