ARMENIAN GOVERNMENT NEGOTIATING ON NEW OPERATOR FOR NAIRIT PLANT

The Armenian government considers it important that EurAsEC issued its loan after the operator for the Nairit plant has been found, lest the government take additional risks, Armenian Prime Minister Tigran Sargsyan said at the first economic conference held by the Republican Party of Armenia (RPA). "Last year the Armenian government applied to the EurAsEC anti-crisis fund for discussing a modernization program for Nairit. The program will be thoroughly discussed. The ant-crisis fund sent experts to Armenia who studied the country's chemical industry and drafted a comprehensive document to accurately estimate the prospects and place of Nairit in the industry. At present, we need an operator ready to manage Nairit. "We are now negotiating for the huge sums to be provided to a reliable partner with professional experience in this field. On the other hand, the government must be secured against extra expenses. When the work is completed, we will present it to society. The problem has so far remained unsolved because Nairit is a large plant. It is a promising enterprise and can be developed in various directions," Premier Sargsyan said. The government is discussing with a German company developing a technical business program. "We are also negotiating with a number of other companies, as well as with the International Monetary Fund and World Bank," the Armenian premier said.

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Headlines for October 31, 2011

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ARMENIAN GOVERNMENT NEGOTIATING ON NEW OPERATOR FOR NAIRIT PLANT
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