Owner of "Kavkaz"-Poti" ferry is going to sell 49% of its stocks to Armenian companiesAugust 2, 2007 - 16:15 AMT PanARMENIAN.Net - Owner of SMAT ferry of the "Kavkaz"-Poti crossing, Chairman of "Rezerv Capital Corporation" Hakim Matchanov is ready to sell 49% of his stocks to Armenian companies. Hakim Matchanov made this statement himself in Yerevan to a press conference August 2. He assured the sell of stocks is in no way connected with far-fetched financial difficulties. "I sell stock not because I need money, I have them, but because I need guarantees that the train-ferry will function long time. Sooner or later the railways through Abkhazia and Azerbaijan will be opened and I need to be sure that even in case of reopening the railway communication between Russia and Armenia the train-ferry will function," Hakim Matchanov underlined expressing assurance that in 2-3 years Yerevan and Baku will establish relationship. At the same time Hakim Matchanov stressed despite his readiness to sell stocks, Armenian companies have not expressed desire to buy them yet. In its part the Armenian forwarder of cargo transportation said it cannot purchase stocks of SMAT because of financial situation, since more than $10 million are necessary. "Large Armenian entrepreneurs can obtain the train-ferry, since it is profitable from the economic point of view. But because of their uncertainty in tomorrow they do not want to risk," the Armenian forwarder stated, IA Regnum reports. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. |