"NAIRIT" ENTERPRISE WILL THREE TIMES INCREASE VOLUME OF CAOUTCHOUC OUTPUT AFTER PRIVATIZATIONOctober 2, 2001 - 23:29 AMT PanARMENIAN.Net - Volume of chloroprene caoutchouc output at "Nairit" enterprise may increase three times after coming to terms with "Inter Contact" Ukrainian company on purchase of 51% of shares of the enterprise. As reported by "Arminfo" agency, the agreement is planned to be signed within this month. While at present "Nairit" produces 500 tons of caoutchouc a month (6 thousand tons a year), after privatization the volume of output is planned to increase up to 15-20 thousand tons a year. "Inter Contact" Ukrainian public corporation will buy 51% of "Nairit" state JSC stocks by means of issuing common nominal shares for 6.6 billion drams (approximately 12 million dollars). The total estimated cost of the project including the investments makes 22 million dollars. Top stories The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. The Armenian Parliament on Tuesday, October 3 voted to ratify the Rome Statute of the International Criminal Court. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. 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. |