TODAY.AZ / Business

Barmek will resort to international court

02 August 2006 [21:13] - TODAY.AZ
Barmek LLC will start yielding the control of the company to the Government of Azerbaijan and square with it from next week.

As APA reports citing Barmek President Huseyn Arabul, Economic Development Ministry is to blame for delay of the process.

Mr. Arabul said that a foreign audit company is already ready to consider the volume of investment Barmek has made in Azerbaijan. But he didn't refer to the name of the company, noting the agreement has not yet been signed with the company.

"We will sign the agreement on Friday. We are negotiating with the company and the talks are effective. Economic Development Ministry also agrees to the audit company that the volume of the investment made should be calculated."

Mr. Arabul stated that Barmek, a company operating in Azerbaijan, will discuss the problem with the Government. If the Government disagrees, Barmek will resort to the international court.

URL: http://www.today.az/news/business/28670.html

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