PM Karapetyan hopes to attract investors for Vanadzor chemical plant
Armenian Prime Minister Karen Karapetyan has paid a working visit to Lori Marz. As the press department at the government reports during his visit, the Prime Minister has met with the Vanadzor chemical plant workers. They thanked the Head of Government for finding a solution to their wage-related problem. AMD166 million has been paid as the full amount of salaries and similar payments on the debt as of December 31, 2016.
Speaking about the plant’s further operations and the successful experience during the Soviet era, Karen Karapetyan said: “It has been a great part of the country, when there was no problem of supply and consumption. In this case, the company operated in a normal mode. After independence, we faced other problems, many attempts have been made so that investors could come to organize a business, and it goes without saying that they should be able to sell the output. This investor proved a failure due to both objective and subjective reasons. Now the factory is in the bankruptcy process, which does not stop the process of attracting investors. If an investor comes and submits a proposal and we understand that this investment makes sense, we will not have the usual risks, we will discuss the future plans,” Karen Karapetyan said urging the factory workers and professionals to submit proposals.