Lydian Armenia dispute "damaging to both company and the country"July 12, 2019 - 16:20 AMT PanARMENIAN.Net - Prolonged delays in addressing the matter of Lydian Armenia's operations is economically damaging not only to the company but to the country in general, said the Armenian British Business Chamber (ABBC) in a statement. "Today (July 9) at the National Assembly of the Republic of Armenia the ongoing issue of our member Lydian Armenia was discussed again by the head of the Economic Committee of the Parliament and the Minister of Environment," the ABBC said. Lydian Armenia's operations have been on a hold for many months awaiting resolution. "Such prolonged delays in addressing the matter of Lydian Armenia's operations is economically damaging not only to the company but to the country in general. "We believe in the rule of law, fair treatment of all businesses, in professionalism and integrity." The Chamber said companies operating in sensitive industries should comply with the highest international standards and local regulations. "At the same time the government should provide the companies, who are in compliance, certain safeguards and guarantees to ensure their safe operations," the statement said. "Only balanced and professional resolution of conflicts and concerns can result in the economic growth of the country and raise investor confidence. We hope this matter will find its resolution without unnecessary delays." Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |