YEREVAN, JUNE 10, NOYAN TAPAN. By not making real investments, Geopromining company - the owner of Agarak Copper and Molybdenum Enterprise has brought the enterprise to the verge of ruin. Member of "Heritage" faction Anahit Bakhshian said at the National Assembly on June 9 that the employees of the enterprise have sent a complaint to their faction, in which they note that 500 employees are currently idle, while another 550 have been dismissed from their jobs. Whereas, as early as June 2008 the company's management received a 78 million-dollar credit from VTB Bank for development of the enterprise. The NA deputy said that after negotiations with the management of the enterprise in November 2008, the minister of energy declared that the management had promised to refrain from "taking sharp steps against employees". An agreement had been reached that the management's decisions will take into account the interests of both the employees and enterprise. "By making unbalanced decisions, the management of Agarak Copper and Molybdenum Enterprise did not take the interests of employees into account, as well as it broke its promises to the government. This example shows the danger when, by selling 100% of an enterprise to a foreign company, the government loses the opportunity to influence such companies and protect the rights and interests of citizens," A. Bakhshian said. According to her, their faction sent a letter to the prime minister on June 3, informing him about all this and asking him to discuss the issue at the government, with the participation of NA deputies and the letter's authors.

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