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Litigation with Barmek will not affect investments attraction to Azerbaijan Minister of Economic Development

Politics Materials 12 July 2006 14:12 (UTC +04:00)
Litigation with Barmek will not affect investments attraction to Azerbaijan  Minister of Economic Development

В"Chasing out the company that does not operate properly, that is probably not an investor at all, will not affect attracting investments in the countryВ", Trend reports quoting Heydar Babayev, Minister of Economic Development.

All the information on the companys operation will be disseminated upon the completion of commissions work В"We dont want to be like Barmek. We will be working quietly to let commission obtain all the information necessary. This issue will be resolved in court instancesВ", minister said.

On July 11, Economic Court examined the appeal submitted in response to the courts verdict under the lawsuit the Ministry of Economic Development filed on Barmek. The court decided to dismiss the companys appeal. The court also arrested Barmeks realty and bank accounts.

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