Tigran Sargsyan: Investments in Artsakh Hydropower Station won't turn into dustMarch 20, 2009 - 22:42 AMT PanARMENIAN.Net - ''Presentation at Artsakh Hydropower Station Public Corporation is symbolic, if only because the event was organized in financial crisis circumstances,'' RA Prime Minister Tigran Sargsyan stated in his greeting speech at the official presentation of IPO subscription, implemented by Artsakh Hydropower Station. According to him, Karabakh Corporation showed great courage setting up the first IPO in Armenia, that would serve as a stimulus for RA financial market activation, giving positive impulses to country's economy. ''It so happens that in difficult times we always get positive impulses from NKR, and I'm sure that this impulse will also serve a good purpose.'' ''The project should be very attractive for investors. Risks are minimal, as price formation is regulated within Corporation, with regulating bodies considering both the assets and the risks in this sphere. That means, the investors who take up Artsakh Hydropower Station shares, can be sure that their investments wont' turn into dust and that their shares are reliable ones.'' "I'm confident that Artsakh Hydropower Station shares will be in great demand, and we all will benefit from them,'' The Prime Minister emphasized. Primary share issue totaling AMD3,45 billion was effected by Artsakh Hydropower Station Public Corporation, with Armenbrok Public Corporation serving as consultant and emission underwriter. 3285715 shares were issued at AMD1050 per share. 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 | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |