Arminfo.info



 Monday, September 2 2019 23:09
Marianna Mkrtchyan

AmCham applies to Pashinyan asking for early solution to the  situation on Amulsar project 

AmCham applies to Pashinyan asking for early solution to the  situation on Amulsar project 

ArmInfo.The American Chamber of Commerce in Armenia (AmCham) has applied to the Armenian Prime Minister regarding the long-lasting issue around one of our  member companies Lydian Armenia CJSC Amulsar project.

The statement in particular states: ''AmCham is a leading business  association founded in Armenia in 2000, and currently represents the  interests of more than 140 small, medium and large companies  operating in almost all sectors of the Armenian economy. Our mission  is to promote the local and foreign investments in Armenia and to  advocate for fostering a more favorable business climate, as we  believe that fair and equitable treatment of investments are of  outmost importance not only for local Armenian and foreign companies,  we represent, but also for the economy and well-being of Armenia.   This genuine belief has prompted AmCham to release 2 statements  during the last 13 months regarding the Lydian Armenia Amulsar  project.

AmCham truly recognizes the importance of professional and impartial  audits in the mining sector, still, regrets that Lydian's Amulsar  project has been the only project so far that was pressured to  undergo 3 consecutive audits while the roads to the project remain  illegally blocked for over a year now. This is despite the fact that  Lydian's Amulsar project has been deemed compliant to IFC and EBRD  international highest standards on the environmental and social  management.

We regret that even after the 3rd audit, and after your recognition  of the high standards Lydian adheres to, Lydian's access to its  Amulsar project has not been restored, and a possible need for yet  another study on the Environmental Impact Assessment is being  discussed. While we share the environmental concerns of the society  and strongly believe that businesses should comply with sustainable  development standards, we also believe that fair and equal treatment  of businesses should exclude a selective approach and all the  requirements imposed by the State should be evenly and fairly  applicable to all the industry players. This is especially important  amidst your public statement that the campaign against Lydian was  organized and financed by certain business interests of certain  parties. This is a matter of outmost concern and we hope that these  claims will be duly investigated.

Honorable Mr. Prime Minister, AmCham is not only concerned about the  unfair treatment of its member, one of the biggest investors in  Armenia, but as a leading business organization, we are also  concerned about the negative impact of the issue around Amulsar  project for about a year. It sends negative signals to the potential  investors and makes Armenia an unattractive country for investments.   While the State is making efforts to attract investments to Armenia,  potential investors are, at the same time, alerted that foreign  investing companies in Armenia are not protected and treated fairly.

We are convinced that further delays around Lydian Armenia's Amulsar  project will deepen the issue and can go endlessly having further  negative consequences for the business climate and, eventually, ruin  the attractiveness of the country for investments. Therefore, we urge  the Government of Armenia to act upon for a quick and fair resolution  of the issue.

We share the Government's vision that Armenia should thrive and have  a developing economy, where the principle of the rule of law will  apply to all the investors doing business for the benefit of Armenia  and provide equal and fair opportunities to all the businesses''.

POST A COMMENT
Input digits     

News
Armenia`s MFA refutes Azerbaijani claim Armenia`s MFA refutes Azerbaijani claim 
Armenian premier reportedly refused meeting with Azerbaijani  president Armenian premier reportedly refused meeting with Azerbaijani  president 
Armenia`s high-tech industry minister, ICPC chairman discuss joint  research programmes between Armenian higher schools and ICPCArmenia`s high-tech industry minister, ICPC chairman discuss joint  research programmes between Armenian higher schools and ICPC
Armenia s government to allocate AMD 15.7mln to joint exhibition with  British MuseumArmenia s government to allocate AMD 15.7mln to joint exhibition with  British Museum
Azerbaijan arming itself actively - Armenian MPAzerbaijan arming itself actively - Armenian MP
Armenia`s CSTO membership is something only Armenian government can  decide  - U.S. Under-Secretary of State Armenia`s CSTO membership is something only Armenian government can  decide  - U.S. Under-Secretary of State 
U.S. is steadfast in reinforcing a sovereign, democratic, independent  Armenia U.S. is steadfast in reinforcing a sovereign, democratic, independent  Armenia 
Opening `Zangezur corridor` not on Moscow`s agenda - Sergei Kopyrkin Opening `Zangezur corridor` not on Moscow`s agenda - Sergei Kopyrkin 
Armenia`s new Constitution could be adopted not earlier than 2027Armenia`s new Constitution could be adopted not earlier than 2027
 European Council approves European Commission`s proposal for  negotiations on visa liberalization with Armenia European Council approves European Commission`s proposal for negotiations on visa liberalization with Armenia
Magdalena Grono to replace Toivo Klaar as Special Rep for South  CaucasusMagdalena Grono to replace Toivo Klaar as Special Rep for South  Caucasus
Armenia`s premier goes on working visit to UKArmenia`s premier goes on working visit to UK
Promoting protection of human rights and strengthening national  institutions project presented in Yerevan Promoting protection of human rights and strengthening national  institutions project presented in Yerevan 
Armenian FM, UNECE Executive Sec discuss cooperation Armenian FM, UNECE Executive Sec discuss cooperation 
Model projects of houses for forcibly displaced Nagorno-Karabakh  Armenians presented Model projects of houses for forcibly displaced Nagorno-Karabakh  Armenians presented 
Earthquake in Georgia felt in Armenia Earthquake in Georgia felt in Armenia 
Armenian vice-premier, U.S. Undersecretary of State discuss  cooperation in dealing with problems of forcibly displaced  Nagorno-Karabakh Armenians Armenian vice-premier, U.S. Undersecretary of State discuss  cooperation in dealing with problems of forcibly displaced  Nagorno-Karabakh Armenians 
EU has no official contact with Russia - Markus RitterEU has no official contact with Russia - Markus Ritter
RAU, Military Academy sign memorandum of cooperationRAU, Military Academy sign memorandum of cooperation
What rights of Artsakh Armenians can be discussed, with Armenia`s  `bicycle` foreign policy? - expertWhat rights of Artsakh Armenians can be discussed, with Armenia`s  `bicycle` foreign policy? - expert
Armenian FM meets with minister of economy of Oman Armenian FM meets with minister of economy of Oman 
Armenia`s authorities preparing public for new concessions Armenia`s authorities preparing public for new concessions 
GAIFF Pro Industry Platform announces its winners for 2024 editionGAIFF Pro Industry Platform announces its winners for 2024 edition
Use of force, gross violations of human rights, ethnic cleansing,  continue to define international relations  - Ararat Mirzoyan  Use of force, gross violations of human rights, ethnic cleansing,  continue to define international relations  - Ararat Mirzoyan  
U.N. should demand from Azerbaijan release of all Armenian prisoners  before COP29 summit - ExpressU.N. should demand from Azerbaijan release of all Armenian prisoners  before COP29 summit - Express
Washington continues to push Yerevan and Baku toward a peace  agreement - U.S. Dept of StateWashington continues to push Yerevan and Baku toward a peace  agreement - U.S. Dept of State
Baku regime trying to link resumption of Azerbaijani embassy in  Tehran with Iranian presidential election, but it is deception -  expert Baku regime trying to link resumption of Azerbaijani embassy in  Tehran with Iranian presidential election, but it is deception -  expert 
Bilingual catalog dedicated to Armenian cinema released Bilingual catalog dedicated to Armenian cinema released 
I want to see Armenian films not only in Yerevan, but also in New  York, Cannes, Berlin - Alexander Payne I want to see Armenian films not only in Yerevan, but also in New  York, Cannes, Berlin - Alexander Payne 
Joint Armenia-U.S. military exercise Joint Armenia-U.S. military exercise "EAGLE PARTNER 2024"
Armenia`s premier condemns attack on 45th president of U.S. Armenia`s premier condemns attack on 45th president of U.S. 
USAID to provide $4mln for supporting Armenian refugees USAID to provide $4mln for supporting Armenian refugees 
Artsakh residents call on UN to put pressure on Azerbaijan Artsakh residents call on UN to put pressure on Azerbaijan 
Armenian politician warns again being a plaything in other hands`Armenian politician warns again being a plaything in other hands`
I have not yet shot my best film - Jafar Panahi I have not yet shot my best film - Jafar Panahi 
Azerbaijan`s embassy in Iran resumes work Azerbaijan`s embassy in Iran resumes work 
Can government that failed to stop war bring peace? - Vahe  Hovhannisyan Can government that failed to stop war bring peace? - Vahe  Hovhannisyan 
Earthquake hits Armenia Earthquake hits Armenia 
We highly value special relations between our two states - Armenia`s  premier to French president We highly value special relations between our two states - Armenia`s  premier to French president 
Armenia could become hostage to Turkey-Azerbaijan`s whims for next  hundred years - ANCA repArmenia could become hostage to Turkey-Azerbaijan`s whims for next  hundred years - ANCA rep
U.S. Congressman inspired by new generation of American Armenians U.S. Congressman inspired by new generation of American Armenians 
Advantages of franchising discussed in Armenia with Acba Bank`s  participation Advantages of franchising discussed in Armenia with Acba Bank`s  participation 
Iran`s new administration `will prioritize strengthening relations  with neighbors` - Masoud PezeshkianIran`s new administration `will prioritize strengthening relations  with neighbors` - Masoud Pezeshkian
Iran`s potential needs to be used to promote issue of Armenians`  return to Nagorno-Karabakh Iran`s potential needs to be used to promote issue of Armenians`  return to Nagorno-Karabakh 
Armenia interested in developing coooperation with Georgia - premier Armenia interested in developing coooperation with Georgia - premier 
Despite Yerevan`s decision sum will be deposited for Armenia Despite Yerevan`s decision sum will be deposited for Armenia 
West interferes in internal affairs of both Armenia and its neighborsWest interferes in internal affairs of both Armenia and its neighbors
Turkish president has no objections to unblocking of Turkiye-Armenia  border Turkish president has no objections to unblocking of Turkiye-Armenia  border 
53 people use of law to evade military service 53 people use of law to evade military service 
Azerbaijani court sentences Nagorno-Karabakh resident Rashid  Beglaryan to 15 years in prison Azerbaijani court sentences Nagorno-Karabakh resident Rashid  Beglaryan to 15 years in prison 
Armenia`s authorities must report area of territories transferred to  Azerbaijan - opposition MPArmenia`s authorities must report area of territories transferred to  Azerbaijan - opposition MP
State Department must support Armenia`s sovereignty and defense -  Frank Pallone State Department must support Armenia`s sovereignty and defense -  Frank Pallone 
Turkiye wants agreement to be signed and peace to be established  between Armenia and Azerbaijan - ErdoganTurkiye wants agreement to be signed and peace to be established  between Armenia and Azerbaijan - Erdogan
Armenia abstains from voting at UN GA on draft resolution on  withdrawal of Russian troops Zaporozhye NPPArmenia abstains from voting at UN GA on draft resolution on  withdrawal of Russian troops Zaporozhye NPP
It is beneficial for Moscow that difficult period in relations  between Minsk and Yerevan ends as quickly as possible - Mikhail  GaluzinIt is beneficial for Moscow that difficult period in relations  between Minsk and Yerevan ends as quickly as possible - Mikhail  Galuzin
We want to see reconciliation between Armenia and Azerbaijan -  Recep Erdogan We want to see reconciliation between Armenia and Azerbaijan -  Recep Erdogan 
Armenia`s Investigation Committee completes investigation into  espionageArmenia`s Investigation Committee completes investigation into  espionage
Armenia`s premier emphasises effective work with citizens`  applications Armenia`s premier emphasises effective work with citizens`  applications 
Armenian-Greek relations are based on friendship, mutual support and  common values - Christos SofianopoulosArmenian-Greek relations are based on friendship, mutual support and  common values - Christos Sofianopoulos
UCD calls on Armenia`s authorities to release Armen Ashotyan UCD calls on Armenia`s authorities to release Armen Ashotyan 
Read more



Commented