YPC Weekly Newsletter

2002


THE DECISION ON THE PRIVATIZATION OF "HAYMAMOUL" AGENCY PASSED

On September 19 the Government of Armenia passed a decision on the privatization of the Press Dissemination Agency ("Haymamoul" SCJSC). The privatization will be made through a direct sale of the shares to the staff of the enterprise. The total cost of the shares comes to 30 million drams (about 53,000 USD). According to the management of the Agency, after the privatization, the company will focus on the revenues generated by subscription for periodicals.

As it has been reported, on November 15 last year the Armenian Government took the decision of privatizing the newspaper stalls owned by "Haymamoul", with an advantage given to the vendors themselves. The latter ones, having become the proprietors, are to use the stalls also by their direct function, i.e., sell newspapers and magazines at least for 5 years (see details in YPC Weekly Newsletter, November 10-16, 2001).