ArmInfo. American Company of Agra Remara will deal wit financial recovery of Ashtarak Kat. According to the information shared by Suren Karayan, the Armenian Minister of Economic Development and Investments, before the beginning of the negotiations several consultations in respect to Ashtarak Kat were held with the representatives of Agra Remara, general investor of the company Artak Asatryan and recovery specialist Artak Avagyan.
"It looks like we are at the edge of the solution. Today we try to understand, in which way the performance of the company will proceed on, how many vacancies will be left and how the Ashtarak Kat debts to farmers will be covered. Within this purpose we devepoled a number of approaches, and we will discuss this with new owners of the Company. This is necessary to understand in what form and how the Ashtarak Kat will be reloaded," Karayan said.
The Company of Ashtarak Kat was established in 1995 on the basis of cheese plant in the village of Agarak. Company had almost 500 employees, and produced ice cream of 45 kinds and milk production of about 50 kinds.Company cooperates also with about 6000 farms. In the second half of November Ashtarak kat has stoped its activities due to critical financial conditions.