Armenian Water-Sewerage Company Faces Financial Problems
The Armenian Water-Sewerage Company has encountered difficult problems since the beginning of the year due to the global economic and financial crisis. This was stated by Patrick Lorin, General Director and Management Contractor of the company (AWSC). Since the beginning of the year both the revenues of the company and state subsidies have reduced, told the director general. The company has increased tariffs for drinking water since April 1, though the enterprise intended to change tariffs from the beginning of January. Tariffs for drinking water grew from 140 AMD to…
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