A meeting was held in the Ministry of Economic Development with officials of Barmek Holding with the purpose of examination of companys address for the Ministrys violation of its contractual obligations on Bakielektrikshebeke management. Trend reports with reference to the MED release that Barmek charges the Ministry with contract obligations violation regarding rising electric energy fees and repayment of supplied power by special consumer category.
In a view of formation of a normal investment environment in the country
, investors addresses are taken seriously. Therefore, the Ministry established a workgroup that involved Barmek Holdings representatives as well. The companys appeal was discussed in presence of its local and foreign lawyers. The lack of facts and support documents was revealed. Meanwhile, the Ministry officials stated their intention to hold on talks with Barmek Holding on contractual obligations if the latter submits grounded facts on this matter. MED called the company comply to Azeri legislation and terms of the contract, as well as payment assumptions and investment program.
The message says also during the meeting Barmek Holdings officials were conceivably making a voice record. Having figured this out, MEDs officials demanded them to give them a copy of a record, but Barmek representatives said they had deleted it. Nevertheless, the record device was seized.