Cement News tagged under: Hrazdan
Armenia: Hrazdan exempt from fines17 May 2016, Published under Cement NewsThe Armenian government has been successful in pushing through a bill exempting Hrazdan cement plant from fines, accumulated by its failure to pay taxes and other mandatory payments. Artsvik Minasyan, economy minister, argued that the bill would both create a competitive field and have a positive impact on economic activity in the region. He said the reactivation of the idle plant will save approximately 500 jobs. The total debt of the Hrazdan cement plant is estimated at AMD935m (US$1.9... |
Hrazdan cement plant faces closure06 April 2015, Published under Cement NewsHrazdan cement plant, Armenia, has an outstanding debt of AMD509m (USD1.08m) owed to the tax authorities and faces closure, according to plant manager Naira Martirosyan. Over 2008-14, the plant paid AMB2.9bn in various taxes, but the sharp decline in domestic consumption and problems with exports resulted in serious losses and failure to service debts. The Hrazdan cement plant was commissioned in 1970, selling its products both at home and in Georgia and Russia. In the 1990s the plant stoo... |
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