Thursday, February 9 2017 13:05
Alexandr Avanesov

Prime Minister of Armenia: It is necessary to decide further fate of a number of state-run companies operating at a loss 

Prime Minister of Armenia: It is necessary to decide further fate of a number of state-run companies operating at a loss 

ArmInfo. It is necessary to decide the further fate of a number of state-run companies operating at a loss, Armenian Prime Minister Karen Karapetyan said at the Government's sitting on Feb 9.  

He said that the State Property Management Department provided the Government with the results of the monitoring of the financial and economic condition of the state-run companies. The data for 2013, 2014, 2015 and H1 2016 were studied and summed up, and the list of the companies operating at a loss or working with no profit was prepared.  The state commercial companies, which operated at a small profit, were also analyzed.  "The republican executive bodies are instructed to submit within 20 days their approaches on the activities of the specified companies and the expediency of further operation of these companies," the Prime Minister said.


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