// IP Marketing video - START// IP Marketing video - END

Lydian Armenia dispute "damaging to both company and the country"

Lydian Armenia dispute

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."

 Top stories
A corresponding decision has already been approved, Security Council Secretary Armen Grigoryan said.
Upon the Board's approval, an amount equivalent to about $35.5 mln becomes immediately available to Armenia.
Armenia's foreign debts was down by $86.5 million as of March 2019, the government said in a Facebook post.
The number of tourists who visited Armenia in January-March has grown by 5.2% year-on-year, the National Statistical Service reveals.
Partner news